Bosch Faces Job Cuts Amid Electric Transition

The Bosch Group is bracing for additional job reductions as it navigates the shift from combustion engines to electric vehicles. This transformation is anticipated to result in significant job losses, particularly in light of the challenging global economic climate and increased competition from China.

Despite these hurdles, Bosch aims to improve its sales and profits by 2025. The company has already seen a decline in operational profits, and projections suggest that over 12,000 jobs may be cut by 2032, with a substantial number occurring in Germany.

Bosch CEO Stefan Hartung acknowledges that the ongoing transition will not resolve the demographic challenges the company faces. Nevertheless, he characterizes the current year as a pivotal moment, hoping for signs of recovery by 2025. As the automotive landscape evolves, Bosch is committed to adapting its workforce and operational strategies to ensure future success.