Bosch announces potential job cuts, threatening up to 10,000 German positions.

Bosch, the world’s leading auto supplier, has announced plans to reduce staff, potentially impacting 8,000 to 10,000 jobs in Germany. The company’s deputy supervisory board chairman, Frank Sell, described the situation as “absolutely unbearable” and criticized the move. Bosch employs approximately 135,000 people in Germany, and the proposed cuts are a response to weakened demand and a slower-than-expected transition to electric vehicles. German manufacturers, including Bosch, face significant challenges, including high operational costs and increasing competition from lower-priced Chinese automakers. Bosch’s management board member, Stefan Grosch, defended the cuts, stating that they are necessary to maintain the company’s competitiveness. Labor representatives and unions are preparing an action plan for 2025, which may include strike actions. The plan is to reduce staff in Germany to ensure Bosch’s long-term success and competitiveness in the automotive industry.