Brose plans radical job cuts: 950 jobs in danger!

Brose plans radical job cuts: 950 jobs in danger!

Coburg, Deutschland - The automotive supplier Brose, known for its extensive product range in the vehicle area, is faced with a significant challenge: over 900 jobs are to be dismantled. The company reported this in an official message, which caused excitement in the industry.

The automotive industry is in constant change, and in particular the suppliers are under pressure. Recent news from the industry has already reported possible savings at Schaeffler, another important player. Brose, Chairman of the Board of Directors, Michael Stoschek, emphasized that around 950 jobs in the administration, especially at high wage locations, were affected. "Our works are not sufficiently busy and a short -term improvement is not in sight," he said.

strategic changes in the company

Stoschek, who recently returned to his role as chairman of the newly created board of directors, announced that comprehensive restructuring was necessary to make the organization more efficient. "We have to reduce hierarchies and expand the leadership ranges," said the board of directors. These decisions are in the context of a company that has been fully in family -owned since its foundation, which is a unique challenge. Brose currently has around 32,000 employees and generates sales of almost 8 billion euros.

In order to better distribute the economic risks, Brose may be looking for new partners. "We are open to collaboration, be it in the form of a joint venture or participation," said Stoschek and refers to the current structure in which four individuals bear the entire economic risk. This could bring a significant change for the company.

The announcements of Brose are directly related to global trends and challenges in the automotive industry, which are characterized by technological changes and increasing competitive pressure. The supplier ZF recently experienced a similar situation, which also announced drastic savings, which led to protests thousands of employees.

In a time when many companies fight with similar challenges, it is crucial to carefully observe Brose's strategic decisions. The future of the company may be on the brink while trying to adapt to the circumstances and at the same time secure its market position. Details of these developments can be found in a comprehensive report on www.infranken.de read.