Bosch to Deepen Cost Cuts as Supplier Grapples With Soft Demand
18 Articles
18 Articles
The problems of the German car manufacturers hit the suppliers at least as strongly. Two Group managers call concrete figures how much money they want to save in the coming years.
The crisis in the automotive industry also affects many suppliers, such as Bosch. The company therefore wants to save 2.5 billion euros per year. Thousands more jobs could be cancelled.
Bosch has not been doing well economically for a long time. Since 2023, job cuts at suppliers are supposed to provide relief. However, this is not enough. A further billion is to be saved, explains two leading managers. This would also include further redundancies - including in Germany.
Bosch wants to save billions in the coming years. It is still open how many more jobs are at stake in Germany. The CEO of the works council now demands clear text from the company.
Bosch continues its austerity course: Further job reduction measures are also planned in the coming years, while the company is trying to reduce costs and secure competitiveness.The article How many jobs will be lost at Bosch? first appeared on ingenieur.de - Job Market and News Portal for Engineers.
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