Bosch Layoffs: 5,000 Employees To Be Laid Off by German Multinational Tech and Engineering Firm To Reduce Costs, Stay Competitive in Industry Amid Automotive Industry Crisis
Bosch announces layoffs of 5,000 employees as the German tech and engineering giant aims to cut costs and remain competitive amid an industry crisis.
Gerlingen, November 24:슬롯 머신 사이트 추천Bosch, a German슬롯 머신 사이트 추천multinational engineering and tech firm, is aiming to슬롯 머신 사이트 추천cut 5,000 roles in its latest round of layoffs. The Bosch layoffs were expected to affect around 7,000 global employees as the company tried to슬롯 머신 사이트 추천reduce its costs and stay competitive in the worldwide market.슬롯 머신 사이트 추천A슬롯 머신 사이트 추천Bosch spokesperson said that the planned job cuts would affect around 5,000 people globally.
According to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천Deutsche Welle (DW),슬롯 머신 사이트 추천Bosch layoffs will affect 3,800 jobs in Germany and the number of job cuts would be negotiated in talks with the representatives of the workers. The슬롯 머신 사이트 추천global슬롯 머신 사이트 추천firm aims to make significant investments in new technologies, and슬롯 머신 사이트 추천the슬롯 머신 사이트 추천announcement of the layoffs could help it슬롯 머신 사이트 추천save some money.슬롯 머신 사이트 추천Bosch Layoffs: German Tech Conglomerate To Lay Off 7,000 Employees From 슬롯사이트Automotive Supply Sector슬롯사이트� Amid Lower Returns on Sales Expected in 2024.
Bosch Manager Stephen Holzl reportedly said that the슬롯 머신 사이트 추천company must adapt슬롯 머신 사이트 추천its structures to the changing슬롯 머신 사이트 추천environment and also슬롯 머신 사이트 추천reduce its costs. These actions, according to the슬롯 머신 사이트 추천manager,슬롯 머신 사이트 추천would help슬롯 머신 사이트 추천Bosch to strengthen its competitiveness. The report슬롯 머신 사이트 추천highlighted that the company also pointed to stagnation in the market. They슬롯 머신 사이트 추천said that in 2024, around 93 million슬롯 머신 사이트 추천units of global vehicle production would stagnate and might decline slightly from the previous year.
Bosch슬롯 머신 사이트 추천said that the manufacturers would need fewer parts to make EVs and move towards being labour-intensive. Besides the previously rumoured 7,000 job cuts and now 5,000, the company슬롯 머신 사이트 추천will reportedly reduce 1,300 jobs between 2027 and 2030 at its car and truck steering systems division in Schwabisch Gmund.슬롯 머신 사이트 추천In 2023,슬롯 머신 사이트 추천 the workforce reduction by Bosch led to 1,500 workers.슬롯 머신 사이트 추천Ford Layoffs: US-Based Automobile Giant Planning Job Cuts of 4,800 Employees in Germany, UK Amid Its Struggles With Passenger Vehicle, Lower Demand.
Frank Sell, the head of the workers' council for Bosch's Germany automotive division,슬롯 머신 사이트 추천termed the planned layoffs as a "slap in the face" and said he would resist the company's슬롯 머신 사이트 추천move.슬롯 머신 사이트 추천The Bosch layoffs have been introduced by the company amid the ongoing crisis in the German auto industry, which has affected many other manufacturers in the country.슬롯 머신 사이트 추천
(The above story first appeared on LatestLY on Nov 24, 2024 11:52 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).