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The moves, which took place in three regions, are expected to reduce spending by $5 million annually.
The company is taking a pretax first-quarter charge of approximately $1.9 million.
HOFFMAN ESTATES, IL – Bosch Rexroth AG, parent company of Bosch Rexroth Corp., reported $8.3 billion in 2008 sales, up 9.8% year-over-year.
Sales in the Americas were up nearly 8%. The company anticipates a significantly weaker performance for the current fiscal year, but said it is maintaining its R&D investment.
The Bosch subsidiary spent around $364 million on R&D in 2008, or 4.5% of sales.
The growth experienced last year by the manufacturer of drive and control technologies was led by developments in the German, European and Asian markets.
iNEMI is scheduled to discuss findings at industry venues worldwide, including Apex on Mar. 31 in Las Vegas; SMTA China East on Apr. 21 in Shanghai; at the Astride the Packaging Roadmap seminar, held at TWI Ltd. on Apr. 22 in Cambridge, UK, and at the European Microelectronics & Packaging Conference June 15-18 in Rimini, Italy.
The 2009 Roadmap covers five product sectors and 20 technology and business topics. For additional information, visit http://www.inemi.org/cms/roadmapping/2009_Roadmap.html.
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