German auto parts supplier Bosch has announced that it will cut 5,500 jobs due to a deepening crisis in the sector amid weak demand and fierce competition. More than two-thirds of the layoffs, about 3,800 of them, will be distributed in Germany, a company spokeswoman said, citing the continued “need for adjustment.”
The management stated the figures in the plans, but they will definitely determine them in negotiations with the workers’ representatives.
The most redundancies will be distributed in the department of computer solutions for driving assistance and automated driving, where 3,500 jobs will be cut worldwide by the end of 2027, half of which will be in Germany.
According to the works council, this includes the Bosch centers in Leonberg, Abstadt, Renningen and Schweiberdingen in the federal state of Baden-Württemberg and in Hildesheim in Lower Saxony, where another 750 jobs will be cut by 2032, of which 600 by the end of 2026. year.
Bosch in Hildesheim also produces elements for electromobility.
The plan is also to reduce costs in the department that produces control systems for cars and trucks. Thus, from 2027 to 2030, up to 1,300 jobs will be lost at the location in Baden-Württemberg.
The company attributes the job cuts to the crisis in the auto industry. “Global production will stagnate this year at around 93 million vehicles, and it could even decrease a bit compared to last year,” they stated in Bosch.
In the next year, at best, a slight recovery is expected due to significant excess capacity and increased pressure from competition and prices.
According to Bosch, manufacturers need significantly fewer parts for electric vehicles than for gasoline and diesel engines, which means a surplus of workers.
In addition, the market for new technologies is not developing as expected at Bosch – the demand for driver assistance systems and solutions for automated driving is significantly weaker than forecast.
Many such projects have been postponed or canceled by manufacturers, notes Bosch.
Source: Hina / Index.hr
Photo: Arhiva / Bosch
Source: autoblog.rs
