Major German Auto Suppliers Announce Significant Job Cuts

Brose, Bosch, ZF, and Continental are reducing thousands of positions amid industry challenges and market stagnation.

Brose plans to cut 950 jobs at high-cost locations worldwide, including Germany, the USA, and China, to streamline its administration.
Bosch is set to eliminate thousands of jobs, with specific reductions in its development, administration, and sales departments by the end of 2025.
ZF Friedrichshafen faces financial strain with plans to cut up to 25% of its German workforce due to high debt and market decline.
Continental intends to spin off its automotive division and has already reduced 5,000 positions as part of its restructuring efforts.
The automotive sector's downturn is exacerbated by Chinese manufacturers increasing market share, leading to potential overcapacity in Europe.