tristatez28lt1
Tire Trailblazer
I just heard from a friend that works for Bosch that Bosch has approved a realignment to focus on electric cars. They are selling many departments/subsidiaries that are connected to the ICE. For example this one:
http://www.aftermarketnewsglobal.co...motors-division-employees-protest-in-germany/
According to official estimates, the demonstration was attended by just under 2,000 people.
On July 2, Bosch employee representatives organized a demonstration outside Bosch headquarters in Gerlingen, German. The employees were protesting a planned realignment of Bosch’s Starter Motors and Generators division. On June 9, the company had announced its plans to find a partner or buyer for the division. According to official estimates, the demonstration was attended by just under 2,000 people.
In a meeting with employee representatives, Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, and Christoph Kübel, the director of industrial relations, explained why the planned realignment was necessary. They also expressed sympathy for the demonstrators’ reactions. “We take our responsibility for our associates very seriously, and so this decision was not taken lightly. But we firmly believe that the division’s future survival can only be secured over the long-term together with a partner or buyer,” Denner said. “Naturally, we have a responsibility toward the Starter Motors and Generators division, but also toward the company as a whole. We have to secure its future existence.
The company agreed to consult openly with employee representatives about the realignment and how it affects employment. “Any steps we take will be characterized by fairness and a sense of responsibility,” Kübel said. “If there should be a definitive transfer to a new company, associates will know in advance who the potential buyer is. This is a sign of openness and transparency.”
Bosch says there is considerable overcapacity in the market for starter motors and generators. The result is considerable cost and competitive pressure. In addition, technological developments are putting starter motors and generators under increasing pressure. Downsizing – smaller engines with smaller starter motors – is reducing value added. This will lead to a market shake-out, according to Bosch, in which only a leading market position will offer long-term prospects of success and growth. Together with a partner or buyer, the Starter Motors and Generators division can use consolidation effects to significantly reduce its costs, while a stronger regional presence will improve its market position. This applies above all to the growth markets of Asia and North America, Bosch noted.
By the end of 2015, the division is to be carved out and made a legally independent entity. In addition, Bosch says it intends to look for appropriate partners and buyers with a clear concept for taking the business forward and securing its long-term future.
The electric age is nearing...:/
http://www.aftermarketnewsglobal.co...motors-division-employees-protest-in-germany/
According to official estimates, the demonstration was attended by just under 2,000 people.
In a meeting with employee representatives, Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, and Christoph Kübel, the director of industrial relations, explained why the planned realignment was necessary. They also expressed sympathy for the demonstrators’ reactions. “We take our responsibility for our associates very seriously, and so this decision was not taken lightly. But we firmly believe that the division’s future survival can only be secured over the long-term together with a partner or buyer,” Denner said. “Naturally, we have a responsibility toward the Starter Motors and Generators division, but also toward the company as a whole. We have to secure its future existence.
The company agreed to consult openly with employee representatives about the realignment and how it affects employment. “Any steps we take will be characterized by fairness and a sense of responsibility,” Kübel said. “If there should be a definitive transfer to a new company, associates will know in advance who the potential buyer is. This is a sign of openness and transparency.”
Bosch says there is considerable overcapacity in the market for starter motors and generators. The result is considerable cost and competitive pressure. In addition, technological developments are putting starter motors and generators under increasing pressure. Downsizing – smaller engines with smaller starter motors – is reducing value added. This will lead to a market shake-out, according to Bosch, in which only a leading market position will offer long-term prospects of success and growth. Together with a partner or buyer, the Starter Motors and Generators division can use consolidation effects to significantly reduce its costs, while a stronger regional presence will improve its market position. This applies above all to the growth markets of Asia and North America, Bosch noted.
By the end of 2015, the division is to be carved out and made a legally independent entity. In addition, Bosch says it intends to look for appropriate partners and buyers with a clear concept for taking the business forward and securing its long-term future.
The electric age is nearing...:/
