At two factories
Bosch needs to cut up to 1,500 jobs at its two German plants by 2025 to «adapt staff levels to changing demand and technology in the automotive sector», the company said.< /p>
The workforce cuts were first reported by weekly trade newspaper Automobilwoche , a sister publication of Automotive News Europe. «Like other companies, we have to adapt, — a Bosch spokesperson said in emailed comments. — We see a need to reduce the workforce by 1,500 people in the areas of development, administration and sales at the Feuerbach and Schwieberdingen plants by the end of 2025.
Bosch said it was trying to achieve this through employee transfers, early retirement or voluntary agreements, adding that the group was in talks with the works council over specific details.
«We are faced with significantly more serious problems than expected at the beginning of the year. Even if we want to maintain employment levels as best as possible through new products and a wide range of training measures, we will have to adapt this to the real situation», — said a Bosch representative.
Bosch ranks number one on the list of leading global suppliers with annual auto parts sales of $50.46 billion in 2022.