Bosch will cut 13,000 jobs by 2030
They are added to the 9,000 announced in Germany in 2024. German car parts giant chases EUR 2.5 billion savings
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Key points
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Bosch, the German automotive components giant, will cut 13,000 jobs by 2030. The restructuring is part of a EUR 2.5 billion per year savings plan, which also includes divestments and simplification of logistics and supply chains.
"We must urgently work on our competitiveness in the mobility sector and continue to permanently reduce our costs," said Stefan Grosch, board member and head of industrial relations at the group. "This is very painful for us, but unfortunately there is no other way," he added.
Cuts and negotiations
According to the company, current employment levels are not sustainable, especially in Europe and Germany. The jobs to be cut are in addition to the 9 thousand already announced last year in Germany. In total, the positions lost thus become 22,000. Last year, Bosch cut 11,600 jobs worldwide in the most important mobility division. By the end of 2024, Bosch had a total of around 418,000 employees.
The deepest cuts will affect the company's historical location in the Stuttgart region. In Feuerbach, where components for diesel-powered cars are manufactured and where investments have been made in hydrogen technology, some 3,500 jobs will be lost.
With the announcement of the restructuring plans, negotiations with the trade unions begin. The company will try to seek solutions that are as sustainable as possible, but it wants to move quickly. However, the workers' representatives promise battle, and IG Metall speaks of a changed climate in the country.
