The cuts represent about 10% of Bosch’s total workforce in the country, and 3% of its staff worldwide. Workers’ representatives vowed to resist the cuts, labelling them ‘unprecedented.’
German industrial giant Bosch said Thursday, September 25, it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country’s ailing car sector.
The auto industry in Europe’s biggest economy has been hammered by fierce competition in key market China, weak demand and a slower than expected shift to electric vehicles.
The cuts, all of which will take place in Germany, represent about 10% of Bosch’s total workforce in the country, and 3% of its staff worldwide.
Bosch − the world’s biggest auto supplier, making everything from braking and steering systems to sensors − said the layoffs were needed to help make annual savings of €2.5 billion in the group’s car unit.
You mean all of us average earners aren’t buying $80,000 electric cars in droves during this time of insane inflation? Weird!
Not sure that would help that much. A good amount of Bosch’s business is in manufacturing parts for internal combustion engines, that’s going away in any case.
You do have the Renault 4 and 5 that are reasonably priced. And I think Fiat also has a reasonably priced model.
EU has 13 EVs under 25,000 euros. North American EVs are overpriced.
We’re fairly limited in North America, unfortunately.
I wouldn’t call that reasonable pricing, for what I can get it in my country. €28k - some subsidies is double what I’ve paid for a substantially bigger car 8 years ago. Not to mention that pretty low range that resets to garbage in winter months.
TIL Robert Bosch was an upstanding guy (and, according to workers’ representatives, would be “rotating in his grave”). Also there used to exist an organisation in the US called The Noble and Holy Order of the Knights of Labor that he was a member of. Someone revive that Order.
I quickly looked it up and i saw a report that bosh received almost a billion in subsidies, not sure which time period tho. And it said the company had 2024 3,4 billion in profit.
so i assumr they will have to pay that money back now 🙃🙃
A friend of mine is a higher up and checks the numbers of plants and their productions. They found out that for certain plants numbers were not verifiable. They saw this coming. There is mismanagement in plants here, and plants that don’t really make anything, but try to fake their numbers. But we’re talking about plants that technically have good potential either, but have the wrong focus, at least that’s what my friend believes. I’m not surprised this happened.
I’m keeping this message intentionally vague to protect my friend.
I didn’t even realize Bosch was involved with autos, but apparently:
Bosch − the world’s biggest auto supplier, making everything from braking and steering systems to sensors
They’re huge. And a significant part of their portfolio is specific to combustion engines.
Not the reason for the layoffs.
German automakers are driving consumers to other companies, thanks to poor reliability and genius ideas like subscriptions for features. They make too many similar models, all overpriced and none reliable. Buyers are fed up.
That itself is more of a symptom than the root cause.
I see, hence the layoffs.
A fuel pump is colloquially called a boschpump here. Even when its not made by bosch, they’ll tell you your boschpump is bad.
I only know them for tools.
Good, German cars are quite terrible given their reputation.
anyone who has owned one has replaced at least half a dozen Bosch sensors. AUDI, BMW, etc, are lease cars, 3-4 years and run away.
And charging subscriptions for features already built into the car is [chef’s kiss].
What about the famous German workers protection laws and unions I keep hearing about
Friend of Mine got let go over one these kind of layoffs. He had half he year where he stayed at home while still recieving his pay check in addition to half a month one time pay for each year worked there. Also he had the choice to accept it.
Let’s compare that to America: Two weeks notice. If you’re lucky.
Nice, in America you are lucky if they pay you for your unused vacation days
What’s a “vacation day”?
Those people no doubt got a very advanced notice, received at least 3 month paycheck, and are able to claim good unemployment benefits for at least 3 month while they looking for a new job.
