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Industrial giant Bosch shocks Germany with plans to cut 13,000 jobs
['Chris Gattringer']
Brussels Signal
The Bosch group, one of Germany’s leading industrial players, has announced a far-reaching job cut programme.
On 25 September the company said it would cut an additional 13,000 positions by 2030.
In a press release the company called the job cuts “unavoidable” citing a challenging economic and market environment for Bosch Mobility, the automotive division.
Bosch Mobility work council leader Frank Sell said: “We firmly reject staff cuts on this historic scale – without simultaneous commitments to secure our locations in Germany!
The job cuts at Bosch coincide with layoffs and cutbacks by many other key players of Germany’s automobile industry.