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24x7Report > Blog > Finance > Bosch expects to cut 1,500 jobs by 2025 at two German sites
Finance

Bosch expects to cut 1,500 jobs by 2025 at two German sites

Last updated: 2023/12/10 at 1:47 PM
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Bosch expects to cut 1,500 jobs by 2025 at two German sites
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FRANKFURT (Reuters) – Automotive provider Bosch wants to chop as much as 1,500 jobs at two of its German websites by 2025 to adapt staffing ranges to altering demand and applied sciences within the auto sector, the corporate mentioned on Sunday.

The workforce reductions had been first reported by weekly business newspaper Automobilwoche.

“Like different corporations, we have now to regulate the extent of employment to the order scenario, structural modifications within the drive sector and the market penetration of future applied sciences,” a spokesperson for Bosch mentioned in e-mailed feedback.

“We see a necessity to regulate as much as 1,500 personnel capacities within the areas of improvement, administration and gross sales within the Drives division on the Feuerbach and Schwieberdingen websites by the top of 2025.”

Bosch mentioned it was making an attempt to attain this through shifting workers to different departments, early retirement or voluntary redundancy agreements, including the group was in talks with the works council over specifics.

“We face considerably higher challenges than anticipated originally of the yr … Even when we need to preserve our employment stage as greatest as potential with new merchandise and a variety of coaching measures, we must regulate this to the order scenario in some areas,” Bosch mentioned.

Bosch confirmed that the corporate would chorus from obligatory redundancies at its German mobility places till the top of 2027.

(Reporting by Christoph Steitz; Modifying by Emelia Sithole-Matarise)

See also  Tesla falls after report of SAP snub, Piper Sandler price target cut

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