Bosch, a leading global automotive supplier, is reportedly planning a significant reduction in its workforce, according to sources cited by German business publication “Handelsblatt”. The number of job losses is described as a “five-figure” figure, exceeding previously announced cuts, signaling a substantial restructuring within the company.
Earlier this year, Stefan Grosch, Director of Labor Affairs at Bosch, indicated the organization’s need to achieve savings of €2.5 billion. Industry insiders now suggest that this target necessitates a workforce reduction of a magnitude described as “five-figure” surpassing the 9,000 job cuts previously announced for Germany.
Last year, Bosch already reduced employment across its largest business segment, Mobility, by 11,600 positions, 4,500 of which were in Germany, bringing the total number of employees to 230,000. The Mobility division remains Bosch’s dominant sector, accounting for nearly two-thirds of the company’s total revenue of €90.3 billion. Bosch’s diverse portfolio extends beyond automotive components to include home appliances, power tools and industrial and building technology. The company operates as a foundation ownership.
