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.
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.
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.