Technology group: Bosch cuts 750 jobs in Abstatt
By the end of 2029, 750 jobs are expected to be lost in Abstatt. Bosch cites declining demand in Europe and new suppliers from Asia - but which areas at the site are affected at all?
Bosch plans to cut 750 jobs at its Abstatt site in Germany's Heilbronn district by the end of 2029, citing challenging economic conditions and a profound structural shift in the automotive industry. The company's mobility division, which develops and sells braking systems, vehicle motion software, and other products, is particularly affected, with over 23,000 jobs lost in Germany so far.
Bosch attributed the cuts to stagnating global vehicle production, declining demand in Europe, and increasing competition from Asian providers. The Abstatt site employs around 5,300 people, but some business areas, including Cross-Domain Computing Solutions and Bosch Engineering GmbH, will not be affected by the job cuts.
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 tightens up its personnel reduction – 750 more jobs to be cut handelsblatt.com
- Bosch cuts another 750 jobs in Germany derstandard.at
