Overview

• Handelsblatt reports, citing industry circles, that Bosch is preparing an additional five-digit reduction in its automotive-supplier workforce.
• The prospective cuts would be in addition to roughly 9,000 positions previously announced for reduction.
• Bosch has scheduled a press meeting for this afternoon at its Gerlingen-Schillerhöhe headquarters to address the reports.
• Executives recently said the company must save about €2.5 billion by 2030 to lift Mobility margins toward 7% after 3.8% last year.
• The company says it will adhere to an agreement that rules out involuntary layoffs in the Mobility division in Germany through the end of 2027.