The car parts manufacturer said some 3,800 of the layoffs are to be made in Germany. Bosch and other German firms are pushing to reduce costs in order to stay competitive in the international market.
About half the job reductions would be at locations in Germany. Bosch, the world's biggest car parts supplier, has already committed to not making layoffs in Germany until 2027 for many employees ...
German car-parts supplier Robert Bosch plans to cut thousands of jobs across its operations in coming years as the automotive sector looks to downsize in response to a tougher outlook. The company ...
Robert Bosch GmbH will reduce the working hours of about 10,000 employees in addition to massive job cuts it’s undertaking to counter a slump in demand for auto parts. Affected staff will have ...
The production of EV vehicles is said to require fewer parts and be less labor intensive, which means that car parts makers no longer require as many hands to meet their production needs. Bosch’s EV ...
Robert Bosch signed an agreement to sell its building technologies division's product business to Luxembourg-based investment firm Triton Partners. The German car-parts manufacturer said it ...