The problems in the German automotive industry do not go unnoticed in Franconia: the family-owned company Brose now wants to cut staff.
According to its chairman Michael Stoschek, the Franconian automotive supplier Brose wants to cut almost 1,000 of its 32,000 jobs worldwide. In addition, partners should be brought on board. “Our management is planning to cut 950 administrative jobs in high-wage locations,” said Brose partner Michael Stoschek to the “Frankfurter Allgemeine Zeitung” (Tuesday edition). “Our factories with their highly automated production systems are not being used to capacity, but that cannot be changed in the short term,” said Stoschek.
“We have to slim down our organization by reducing hierarchies and increasing management spans,” emphasized the shareholder. The 76-year-old company patriarch only withdrew completely from running the family business in the spring.
Just a few months later, he was back in power as chairman of the newly created board of directors following a reorganization. The board of directors is also authorized to issue instructions to management.
The reason for the reorganization was, in his opinion, the owner families’ lack of influence on the board. The company, with 32,000 employees and recent sales of almost eight billion euros, is entirely family-owned. The two families Volkmann and Stoschek each hold half of the shares, Michael Stoschek owns ten percent.
That too should change. “Brose is the only company of this size in which four individuals bear the entire economic risk. We want to change that in the future and are therefore open to partners,” said the manager. “Whether this will be a joint venture or an investment, we will see,” said Stoschek.