Economic crisis hits Bosch

Things went significantly worse at Bosch in 2024 than expected. Almost the entire German economy is in crisis mode: Why is that and what is needed now.

The crisis in the automotive industry and mechanical engineering hit the automotive supplier and technology group Bosch hard last year. The group suffered from weak demand, especially in Europe.

[Frankfurt - Hayashi Hideki] Bosch, the world's largest automotive parts manufacturer, announced on the 31st that the number of employees at the end of December 2024 will be 11,500 fewer than a year ago. The company had announced large-scale staff cuts due to sluggish sales of electric vehicles (EVs). Chairman Stefan Hartung said of EV technology, "The slump may continue for some time." The number of employees worldwide as of December 2024 was 4…

German giant Bosch announced its financial results for 2024 on Friday and claims that it was affected by weak global economic growth and the adoption of...   © G4Media.ro.

Technology group Bosch is clearly feeling the consequences of the global economic downturn. Operating profit (EBIT, earnings before interest and taxes)... The post Bosch is also suffering from the economic downturn: Profit collapses by a third appeared first on Apollo News.

E-mobility is stalling, the economy is stagnating – and Bosch is feeling the effects. The company is falling well short of its own targets.