Thousands of Jobs Lost by 2030
The German Industrial Group Bosch Will Cut Approximately 13,000 jobs in Germany by 2030 in its automotive parts Division. The German Automotive Industry is Facing Increasing Competition, Especial from China, Weak Demand in Europe, and American Import Tariffs.
The Jobs that will disappear representative about 10 percent of the staff in Germany. At the end of last year, 417,900 people worked at Bosch Worldwide. The Measure would Therefore Affect More than 3 percent of the workforce.
Bosch Has Already Cut Thousands of Jobs in recent years. The Group Now Says That The Extra Reduction is Necessary to Save 2.5 Billion Euros Annually in the Automotive Parts Division. “The Demand for Our Products is Shifting Significantly to Regions Outside Europe. We must focus on Where Our Markets and Customers are,” Says Stefan Grosch, Head of Labor Relations at Bosch.