The cuts represent about 10% of Bosch’s total workforce in the country, and 3% of its staff worldwide. Workers’ representatives vowed to resist the cuts, labelling them ‘unprecedented.’
German industrial giant Bosch said Thursday, September 25, it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country’s ailing car sector.
The auto industry in Europe’s biggest economy has been hammered by fierce competition in key market China, weak demand and a slower than expected shift to electric vehicles.
The cuts, all of which will take place in Germany, represent about 10% of Bosch’s total workforce in the country, and 3% of its staff worldwide.
Bosch − the world’s biggest auto supplier, making everything from braking and steering systems to sensors − said the layoffs were needed to help make annual savings of €2.5 billion in the group’s car unit.
So what? Their economic model is able to churn out better product at lower prices, and the useful idiots in the West (you) cheer because you get worse deals.
I don’t care what “global economics” says. Have you seen the global economy? Do you think you’re a player, or just another pawn (useful idiot)?
Now, run along and go be average somewhere else. I’m genuinely tired of arguing with you people.
Their economic model is lose money on every car because the government is backing them.
They now owe 2.25X in debt more than the company is worth.
Subsidies designed to bankrupt the competition isn’t a better economic model
If these subsidies work so well, why don’t we use them too?
https://english.cw.com.tw/article/article.action?id=4164
Because the Chinese auto industry is imploding.
You’d have a point if the West could churn out competitive EVs.
Gonna block you now. I’m sick of stupid people and it’s a shame how many morons agree with you.
More reasons for me not to take the crowd seriously!
Sure buddy, the highest quality stuff is from TEMU.
If it looks like a car, it’s a car, right?
The west churns out BETTER EVs in many metrics. They just cost more because they’re not subsidized.
If we allow the Chinese to bankrupt every other manufacturer using subsidies, guess what, they’ll hike the prices 2-3x at least.
This is because at least here in the EU, governments want more people to use transit and fewer new cars to be sold, so they won’t subsidize domestic car production. We even got a brand new car registration tax here as well as an annual road tax here in Estonia, do you consider that a bad thing too? Since it negatively impacts people’s ability to buy more new cars…
Maybe understand the very basics of trade wars first lol
They’re that cheap because the chinese government pays for them to be that cheap. It also helps that they exploit their workforce as much as possible, but they still wouldn’t be as cheap as they are without the subsidies.
Oh my fucking god, it never ends with you morons.
So what if the chinese government pays for them to be cheap? Government intervention is literally part of their econony.
You, in typical dipshit fashion, don’t recognize how you’ve been convinced to hate them simply because they can compete with your rulers.
Instead of recognizing how you’re being played for a fool, you double and triple-down with all the other useful idiots.
I’m glad I can see it for what it is, because most of you are genuinely to stupid enough to do so yourselves.
Ignored.
LOL. I thought you blocked us?
Good luck with your Chinese EV when you need parts and the company no longer exists. Three years from now.
This is called drop shipping, and we get cheap junk that breaks from China every day.
There was no value judgement in mine (or the other guys) comment, that’s entirely your victim complex. Of course I would rather china not try to destroy our local markets but that is very very low on the list of things to hate the ccp for and I can’t say it’s fundamentally morally wrong in the world we live in either.
It’s just a fact that it’s subsidized and your propaganda that it’s cheap because china is just better at manufacturing is a flat out lie.