Bosch, the automotive supplier, has recently announced plans to reduce its workforce by up to 1,500 positions. The job cuts are to take place in two of its German facilities by 2025.
The cuts in the workforce were initially disclosed by the automotive industry publication, Automobilwoche. The company will reassess several roles in the areas of development, administration, and sales within its drives division at the Feuerbach and Schwieberdingen sites.
The decision is driven by the necessity to align staffing levels with evolving demand and technological changes in the automotive sector, as stated by the company on 10 December, 2023. This involves aligning its employment levels with the current order situation, structural shifts in the drive sector, and the market integration of upcoming technologies.
The restructuring will be done by reallocating staff to alternative departments, facilitating early retirements, or through voluntary redundancy agreements. The company is also involved in ongoing discussions with the works council to finalise the details of these measures.
However, the company has committed to avoiding involuntary job terminations at its mobility sites in Germany until the conclusion of 2027.
Bosch is a global technology and engineering company. Founded in 1886, it operates in mobility solutions, industrial technology, consumer goods, and energy and building technology. Known for innovations in automotive components, Bosch is a pioneer in areas such as electric mobility and autonomous driving.
Furthermore, the company has a significant global presence, with operations in over 60 countries. Beyond automotive, Bosch contributes to smart homes, industrial automation and IoT solutions. Committed to sustainability, Bosch prioritises environmental and social responsibility while remaining a leader in technological advancements.
