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German auto parts maker Bosch is planning major cuts in its engine division, DPA reported. The company plans to cut 1500,<> jobs in the administration and development and sales departments, according to a spokesman. The message comes after p. Automobilvohe wrote about possible staff cuts.
The main reason for the decline in the workforce is the transition from internal combustion engines to electric cars, which, according to a Bosch spokesman, will have an increasingly serious impact on the entire sector.
The problems of the global economy, persistently high inflation and poor exchange rates exacerbate the company's problems, DPA said.
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The cuts will mostly affect workers at Bosch plants in the southwestern German cities of Feuerbach and Schwieberdingen.
Overall, Bosch will seek to comply with a deal struck with unions last summer that rules out forced staff cuts by the end of 2027.
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Redundancy of workers