Brose increases competitiveness
Good prospects for Brose Coburg after successfully concluded negotiations between management and works council: Michael Stoschek, President and CEO of the Brose corporate group (right) and Horst Theil, chairman of the Coburg works council, sealing works agreement with a handshake.
The cost savings achieved for the Coburg location are supplemented by further measures which the company is taking in other areas to improve cost structures; these include further development of products, process optimization in development, production, logistics and administration as well as cost reductions in global sourcing. The works agreement ensures there will be no redundancies through 2008.
The Coburg employees at all company levels will participate in these measures. Higher earners will primarily contribute by taking a cut in salary; staff in lower income groups will do so by working longer hours.
Paving the way for the future: management and works council at Brose Fahrzeugteile GmbH Co. Kommanditgesellschaft Coburg have concluded works agreement aimed at reducing personnel costs by 12 percent. Michael Stoschek, President and CEO of the Brose corporate group (right) and Horst Theil, chairman of the Coburg works council signing the agreement in Coburg on 24 May 2005.
