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Bosch will lay off 1,200 people due to energy and raw material costs

  • January 18, 2024
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German car supplier Robert Bosch GmbH is starting talks with union representatives over plans to cut 1,200 jobs in its software and electronics division by the end of

German car supplier Robert Bosch GmbH is starting talks with union representatives over plans to cut 1,200 jobs in its software and electronics division by the end of 2026.

This was reported by Bloomberg, as reported by Ukrinform.

“The weak economy and high inflation caused by high electricity and raw material costs, among other factors, are currently slowing the transition while increasing necessary costs,” the company said in an emailed statement on Thursday. said.

Bosch said it wants to eliminate jobs in the development, sales and administrative areas of the company’s Cross-Domain Computing Solutions division, which develops automated driving technology and other automotive software and hardware.

The article states that 950 employees of the company will be laid off in Germany.

In December, Bosch announced plans for large-scale layoffs in its power unit division, as reported by Ukrinform. At the time, the German auto parts supplier was considering laying off nearly 1,500 people in Germany.

Source: Ukrinform

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