Bosch announces major layoffs amid auto industry slump
The German automotive giant Bosch plans layoffs that could affect up to 10,000 employees. This is another consequence of the industry's crisis and the decrease in demand for automated driving technologies. The atmosphere in the company is tense, and trade unions do not rule out strikes in 2025, according to the media.
1:19 PM EST, December 12, 2024
The German car parts manufacturer Bosch announced plans to reduce its workforce, which could affect 8,000 to 10,000 employees.
According to "Automotive News Europe," this decision is a response to the slowdown in the automotive sector and decreased interest in automated driving technologies and steering assistance systems.
It should be noted that in November, the dpa agency reported that the German giant plans to cut about 5,500 jobs. The number of individuals slated for dismissal continues to increase.
On Friday, December 13, the Bosch supervisory board is set to meet to discuss how to carry out the cuts in a socially responsible manner.
Bosch employees await verdict
The labor unions admit that the atmosphere in the company is "absolutely unbearable." Union representatives are working on a plan of action and do not rule out strikes in 2025.
Bosch is not the only company in the automotive industry planning significant layoffs. Other corporations are also planning job reductions. Ford intends to cut 2,900 jobs in Germany by 2027, and Volkswagen has already announced pay cuts, plant closures, and layoffs.
Layoff plans in the EU also include brands such as Stellantis (Citroen, Peugeot, Fiat) and Audi. The situation at Volkswagen, according to experts, results from the crisis that has engulfed the entire German economy.
