In addition to the job cuts, the company said it wanted to decrease investments in its production facilities and buildings as it had seen a "sharp decline in demand" for its products.
Friday, October 03, 2025
Bosch is set to cut 13,000 jobs as part of its plans to save €2.5bn (£2.06bn)
The engineering giant said the losses, in its mobility division in Germany which provides vehicle parts and software, came as a result of a stagnated market and pressure from rival companies. The market has seen increased competition from the likes of Tesla and China's BYD.
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