Bosch Announces Massive Job Cuts in Germany as Mobility Sector Shifts
Bosch, the global automotive titan, has revealed additional job cuts in Germany, adding 22,000 to the previously announced 13,000 in the mobility sector. This brings the total to 35,000 jobs at risk, primarily in German plants like Feuerbach and Schwieberdingen. The company aims to save 2.5 billion euros annually by 2030 through these cost reductions.
Bosch recognizes the shift in innovation power towards China in the mobility sector. The slow adoption of electric mobility has caused the industry to change more slowly than expected. The company's labor director, Stefan Grosch, attributes the job cuts to declining demand in classic combustion engine technology.
Bosch wants to consult with employee representatives to find socially acceptable solutions. Despite these changes, the company aims to secure its position with a solid base in Baden-Württemberg. It supports adjustments in European regulation, such as the planned 'combustion engine phase-out' by the EU.
Bosch's job cuts, totaling 35,000 by the end of 2030, reflect the company's response to the evolving mobility landscape. The company is committed to finding socially acceptable solutions and maintaining its presence in Baden-Württemberg.
