Automotive supplier: Bosch halves its workforce in Nuremberg
Bosch currently employs 1,800 people at its Nuremberg plant. Half of the jobs are set to be lost by 2029 because orders for components, such as for combustion engines, are lacking.
Bosch plans to cut 900 jobs at its Nürnberg plant over the next three years, reducing its workforce there by half. This move is in addition to the previously announced cut of 22,000 jobs across the company, mostly in the Mobility sector. The company cited the shift towards electric mobility and increasing competition, particularly from Chinese rivals, as reasons for the cuts.
Bosch reported a loss last year and, despite increasing its revenue by 3.6% in the first half of 2024, it now aims to make the reductions in a socially responsible manner.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Automotive supplier: Bosch halves its workforce in Nuremberg handelsblatt.com
