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Indebta > Investing > Bosch Could Cut 1,500 Jobs by End of 2025 at Two German Sites
Investing

Bosch Could Cut 1,500 Jobs by End of 2025 at Two German Sites

News Room
Last updated: 2023/12/11 at 8:44 PM
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By Nina Kienle


Robert Bosch is considering slashing up to 1,500 jobs at two of its German sites by the end of 2025, saying the automotive industry’s shift to electromobility is accompanied by high, upfront investments and a need for less workers.

The German engineering and technology company said Monday that jobs in the areas of development, administration and sales would be affected at the Stuttgart-Feuerbach and Schwieberdingen locations. Bosch’s planned workforce reduction was first reported by the German industry newspaper, Automobilwoche, on Sunday.

Bosch plans to manage the job reductions through staff relocation, early retirement and voluntary redundancy agreements, and the group is in talks with the works council over specifics, a spokeswoman for Bosch told The Wall Street Journal.

Bosch said that it is facing significantly greater challenges than expected at the beginning of the year, but confirmed that it would avoid compulsory redundancies at its German mobility locations until the end of 2027, the spokeswoman said.


Write to Nina Kienle at [email protected]


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News Room December 11, 2023 December 11, 2023
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