This is a measure that, according to the company, is caused by the weak demand for electric vehicles and the arrival of Chinese competition that accentuates the crisis in the automotive sector in Europe.
Germany’s Bosch announced on Friday an adjustment plan that includes the layoffs of 5,500 employees in the group’s mobility division, as weak demand for electric vehicles and the arrival of Chinese competition accentuate the crisis in Europe’s auto sector.
“We do not expect any impact in Spain from the current plans communicated by the Cross-Domain Computing division, as the entity is not represented in the country,” group sources have clarified.
It is estimated that by the end of 2027, the majority of all planned positions, approximately 3,500, half of which will be in Germany, in the autonomous driving software units will have been eliminated.
In addition, the group’s management activities will also be strongly affected at the national level in Germany. The plant in Schwäbisch Gmünd will lose 1,300 jobs between 2027 and 2032, i.e. one in three jobs at the plant. In addition, Bosch has also announced the layoff of 750 employees at the Hildesheim plant, which produces components for electromobility. It is expected that 600 of them will be eliminated by the end of 2026.
Source: EITB
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