German car supplier Bosch wants to cut another 3,500 jobs worldwide by the end of 2027 due to weak demand. The company announced on Friday that about half of these were at locations in Germany. The Austrian subsidiary is not affected by the job losses.
The Cross-Domain Computing Solutions division is affected. The group explained that demand for intelligent driver assistance systems and solutions for automated driving and control equipment is not developing as predicted. The economic situation in this business district is even more tense than a few months ago.
Personnel and structural adjustments necessary
In addition, the area has significantly more staff than necessary. Therefore, further personnel and structural adjustments are needed to ensure competitiveness. Bosch will work with employee representatives to make the measures as socially acceptable as possible.
Shorter working hours at company headquarters
The company has already cut several thousand jobs in recent months. Still, the group fears it will not meet its annual targets. On Thursday, the company announced that it will shorten the working hours of employees at its head office. From March 1, 2025, 450 employees at various German locations will only work 35 hours per week.
No job losses in Austria
The Bosch Group employs more than 3,200 people in Austria. “Bosch in Austria is excluded from the workforce adjustment plans announced today in Germany,” the Bosch Group Austria said in response to a request from the APA.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
