Bosch announces layoffs amid automotive industry slowdown
The German automotive giant Bosch has announced plans for layoffs that could affect up to 10,000 employees. This move is yet another fallout from the industry's crisis and the declining demand for automated driving technologies. The atmosphere within the company is tense, and trade unions have not dismissed the possibility of strikes in 2025, as reported by various media outlets.
The German car parts manufacturer Bosch stated its intention to reduce its workforce, impacting between 8,000 and 10,000 employees.
According to "Automotive News Europe," this decision responds to the slowdown in the automotive sector and reduced interest in automated driving technologies and steering assistance systems.
It's noteworthy that in November, the dpa agency reported that the German giant planned to cut about 5,500 jobs. The number of employees facing dismissal continues to rise.
On Friday, December 13, the Bosch supervisory board is set to meet to discuss how to conduct the layoffs responsibly.
Bosch employees await verdict
The labour unions acknowledge that the atmosphere in the company is "absolutely unbearable." Union representatives are devising a course of action and are not ruling out strikes in 2025.
Bosch is not the only company in the automotive industry contemplating major layoffs. Other corporations are also planning job reductions. Ford plans to cut about 2,900 jobs in Germany by 2027, while Volkswagen has already announced pay cuts, plant closures, and layoffs.
Layoff plans in the EU also encompass brands such as Stellantis (Citroën, Peugeot, Fiat) and Audi. The situation at Volkswagen, according to experts, stems from a crisis affecting the entire German economy.
