The German technology group and automotive supplier Bosch is aiming to sell its passenger car brake disc production unit. The company, which is based in Gerlingen, in the southern state of Baden-Württemberg, said on Wednesday that it was examining the possibility of a sale and had informed staff and employee representatives of these plans. Just over 900 employees in three foundries in the western state of Hesse, at Breidenbach, Biedenkopf-Ludwigshütte, and Lollar, would be affected.
Bosch argued, among other things, that passenger car brake disc production offers hardly any synergies with other existing business areas. Overall, there was only "very limited" commercial scope to develop the product area profitably in the long term, it said. In the meantime, there has been some signs of interest from within the industry in buying the company.
The trade union IG Metall criticized Bosch for failing to provide a clear explanation for the planned sale - the union called it an "arbitrary decision".
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