Automotive supplier: Brose plans to cut 950 jobs in administration

The automotive industry and its suppliers are currently struggling. Brose is another company in the industry that is cutting jobs. The company plans to cut 950 jobs at "high-wage locations".

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Michael Stoschek is known as the long-time Brose boss and target of Jan Böhmermann. Now the patriarch is celebrating his comeback - including job cuts and the search for a partner.

The automotive industry in Germany is in crisis. And this has direct consequences for suppliers such as the family-run company Brose, based in Coburg in Upper Franconia. Staff are to be cut here.

The automotive industry in Germany is struggling, and suppliers are not getting off scot-free. The Franconian family business Brose now wants to cut staff.

The Franconian automotive supplier Brose wants to cut jobs in administration and is looking for a strategic partner. "We have to streamline our organization by reducing hierarchies and increasing spans of management," said Brose shareholder Michael Stoschek to the "Frankfurter Allgemeine Zeitung" (Tuesday edition). "Our management is planning to cut 950 jobs in administration at high-wage locations," he added. "Our plants with their highly autom…