Bosch plans to cut 7,000 jobs, most in Germany
The Bosch Group has announced plans to cut 7,000 jobs worldwide, with most of the cuts affecting employees in Germany. Wage and hour reductions are also expected for the remaining employees.
The Bosch Group, one of the world's largest manufacturers of automotive components and electronics, has announced plans to cut 7,000 jobs worldwide. The bulk of the cuts will affect employees in Germany, where the company is facing the need to optimize costs and reorganize production processes.
In addition to the cuts, the company plans to reduce wages and working hours for the remaining employees. These measures are due to the economic challenges Bosch has faced in recent years, including declining demand and increased competition in the market. The company's management hopes that the measures taken will help maintain stability and competitiveness in the long term.
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