US EditionBosch to cut 13,000 jobs to bring down costs in tough autos market
Bosch aims to save €2.5 billion by 2030, cutting about 3% of its global workforce amid sluggish demand, tariff impacts, and rising competition from China and the U.S.
- Bosch plans to cut 13,000 jobs in its mobility division in Germany due to a stagnated market and pressure from rivals.
- The engineering giant cited increased costs from US tariffs as a reason behind the job cuts.
- Bosch identified a cost gap of €2.5 billion in its auto business and plans to reduce costs quickly.
151 Articles
151 Articles
Bosch to cut 13,000 jobs to bring down costs in tough autos market
Germany's Robert Bosch (ROBG.UL) will cut 13,000 jobs as the world's top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of 2.5 billion euros ($2.9 billion), it said on Thursday.
German carmaker Volkswagen will halt production at several factories for a week due to weak demand. Industrial group Bosch will cut 13,000 jobs in Germany by 2030. Most of the cuts will affect employees in the automotive segment.
The world's largest car supplier is massively reducing jobs in Germany. What is behind the Bosch plans, where employees have to worry and what is the situation with the competitors? The overview.
The automotive supplier Bosch wants to save costs and reduce about 13,000 additional jobs, especially at German locations of the subcontracting division Mobility. Kurt Stenger comments on what can be said about this.
The automotive supplier Bosch cuts 13,000 jobs in Germany. In Bavaria, Immenstadt and Holzkirchen are particularly affected.
Coverage Details
Bias Distribution
- 38% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
