Bosch to Cut 5,550 Jobs and Reduce Hours for 10,000 Workers in Germany

The auto supplier cites weak demand, overcapacity, and competition as it restructures operations to address challenges in the automotive industry.

Bosch plans to eliminate 5,550 positions globally, with 3,800 of these job cuts occurring in Germany, primarily in its automotive division.
The company will reduce working hours for approximately 10,000 employees in Germany, shifting many from 38-40 hour contracts to 35-hour weeks, with corresponding pay reductions.
The Cross-Domain Computing Solutions division, which focuses on driver assistance and automated driving technologies, will see 3,500 job cuts globally by 2027, half of which will be in Germany.
Additional job reductions include 750 positions at the Hildesheim plant by 2032 and 1,300 roles at the Schwäbisch Gmünd steering systems plant between 2027 and 2030.
Bosch attributes its cost-cutting measures to stagnating global car production, slower-than-expected electric vehicle adoption, and increased competition from Chinese manufacturers.