The media reported Bosch's intention to cut a five-figure number of jobs

The German company Bosch intends to cut a "five-digit number" of jobs. This was reported on September 25 by the Reuters news agency.

"Robert Bosch, a German supplier to the automotive industry, plans to expand the efficiency improvement program and reduce an additional "five—digit number" of jobs," the material says.

It is indicated that last month, Bosch CEO Stefan Hartung said that against the background of limited demand, the company would have to fight "for every cent." In this regard, he suggested the need for structural changes and predicted a 2% increase in the firm's revenue from €90.5 billion last year.

In October 2024, Hartung announced the dismissal of 7 thousand employees. According to him, the global automotive industry has a difficult situation caused by high taxes, rising energy prices, global protectionism, excessive regulation and social uncertainty. In Germany, according to Hartung, bureaucracy is added to these factors..

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