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.
I had their lawnmower and a vacuum and they were both pretty crappy.
They’ve started selling their brand to external manufacturers a while ago. A pretty strong sign where they’ve been headed.
I have their mower and vacuum, they’re decent for what amount of plastic they’re made of. The thing that keeps me switching from Bosch is their sparepart catalogue, one of the only brands that have ALL the spare parts for said vacuum. Why buy new when I can fix the old one?