Bosch intends to terminate a “five-digit number” of employees in a bid to trim costs, Handelsblatt has reported
Leading German automotive supplier Bosch is set to slash a “five-digit number” of jobs as part of a major cost-cutting exercise, Handelsblatt reported on Thursday, citing anonymous industry sources.
Germany and other EU members have seen their industries lose ground globally after switching from inexpensive Russian oil and gas imports to costlier alternatives following the escalation of the Ukraine conflict in 2022.
Earlier this month, Bosch HR director Stefan Grosch revealed that the company’s mobility division, which produces fuel…
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