Overview
- Bosch confirmed that Stefan Hartung’s contract was extended but declined to disclose the term or other details.
- Handelsblatt reported the extension runs five years to 2031, a detail the company has not confirmed.
- Plans call for about 22,000 job reductions in Germany in the mobility division by 2030, plus roughly 2,400 at BSH and the closure of power tool production in Leinfelden.
- Despite sector headwinds, Bosch expects about 2% revenue growth this year in its supplier business after a 0.7% decline to €55.8 billion last year.
- Mobility Solutions generates more than 60% of Bosch’s roughly €90 billion in sales, with performance pressured by stagnant vehicle production, weak demand, and slower progress in electrification and automated driving.