(Finance) – Boschthe largest auto parts supplier, said announced that it plans to cut up to 5,550 jobs in the next few years, most of which in Germany.
The cascade effects that were feared for theGerman automotive industry following the difficulties that German companies are facing: Volkswagen has already made it known that it will be necessary to cut costs 5 billion euros and confirmed that there is a possibility that three factories in Germany will close. Mercedes-Benz after the collapse of profits recorded in the last quarter he openly spoke of a cost reduction plan to be implemented in the coming years.
Bosch detailed the divisions and factories that will be affected by the plan. By the end of 2027 there will be 3,500 layoffs in the dedicated division cross-domain IT solutions. Half of these will concern factories in Germany. The German company explained this decision by the weak demand for assistance systems intelligent driving and solutions for guide automated. Around 750 jobs will be cut by 2032 at its German plant Hildesheim: 600 of these layoffs will come by the end of 2026. Finally, announced staff cuts – up to 1,300 positions between 2027 and 2030 – of the steering systems division in the factory of Schwaebisch Gmuendnear Stuttgart.
The reaction was immediate workers’ representatives. The Bosch works council and the IG Metall union entrusted their opposition to the layoffs to a note. “Now we will organize our own resistence to these plans at all levels,” said Frank Sell, deputy head of the works council.
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