Bosch braces for major layoffs amid auto industry slump
The German automotive giant Bosch is planning layoffs that could affect up to 10,000 employees. This is yet another consequence of the industry's crisis and the decreased demand for automated driving technologies. The atmosphere within the company is tense, and trade unions are not ruling out strikes in 2025, according to media reports.
12 December 2024 16:42
The German car parts manufacturer Bosch has announced plans to reduce its workforce, which could impact 8,000 to 10,000 employees.
According to "Automotive News Europe," this decision is a response to the slowdown in the automotive sector and the waning interest in automated driving technologies and steering assistance systems.
It should be noted that in November, the dpa agency reported that the German giant planned to cut about 5,500 jobs. The number of individuals slated for redundancy continues to rise.
On Friday, 13 December, the Bosch supervisory board is set to meet to discuss how to carry out the redundancies in a socially responsible manner.
Bosch employees await verdict
The labour unions admit that the atmosphere within the company is "absolutely unbearable." Union representatives are working on a plan of action and are not ruling out strikes in 2025.
Bosch is not the only company in the automotive industry planning significant redundancies. Other corporations are also plotting job reductions. Ford intends to cut 2,900 jobs in Germany by 2027, and Volkswagen has already announced pay reductions, plant closures, and redundancies.
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.
