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.

Bosch makes more than half its revenue from the automotive sector. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of ...

Bosch is one of Germany’s biggest employers, with a headcount of 429,000 people at the end of 2023. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of ...

Germany's technology and services company Bosch said on Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the ...

Robert Bosch, the struggling German industrial giant undertaking a massive overhaul of its workforce, has doubled down on cost-saving efforts by reducing the pay and working hours of thousands ...

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 ...

Bosch will cut up to 5,500 jobs as it struggles with slow electric vehicle sales and competition from Chinese imports. It is the latest blow to the European car industry after Volkswagen and Ford ...

Nov 22 (Reuters) - Robert Bosch (ROBG.UL) said on Friday the company plans to cut up to 5,550 jobs, the latest sign of struggle in Germany's creaking auto sector, which is grappling with ...

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