This brings the total number of deleted jobs in Germany to 22,000, after previous announcements in 2023. According to Bosch director Stefan Grosch, the interventions are inevitable due to the transition to electric driving, the high costs and global competitive pressure, especially from Asia.
ASML is expanding underground in Germany to make more chips: investment wave are not over yet
It was previously announced that the group could look forward to considerably extra savings because of the crisis in the automotive industry. Bosch expects a slight revenue growth this year to around 57 billion euros.
Competitiveness
According to German media, Bosch is going to scrap thousands of jobs within its nuclear component Mobility, but it is also about jobs at the head office and with smaller subsidiaries within Mobility.
The spokesperson for the Bosch company emphasizes in the German media that these interventions are needed to maintain the competitiveness and to permanently lower the costs. Earlier, more than 10,000 jobs in the Bosch automotive sector have already been canceled worldwide.
Car factories in France and Italy stopped: Stellantis no longer produces new Fiat Pandas
The trade unions at our eastern neighbors in any case are indignant, according to the media: “It is be said that the situation in the German and European car and supply industry is very tense,” said Frank Sell, chairman of the Works Council of the Mobility division. “We definitely reject a dismissal round of this historical size, without simultaneous guarantees for the preservation of our branches in Germany.”
At the beginning of this month, Clepa, the European industry organization for suppliers, reported that in 2024 54,000 jobs were already lost to European suppliers for the automotive industry