Bosch to cut 5,550 jobs, reduce hours for 10,000 workers in latest blow to German auto sector

Bosch at Munich auto show 2023 Arc 2024 — Bosch's display at the 2023 IAA auto show in Munich. (BLOOMBERG)

Reuters Reuters

November 22, 2024 02:35 PM

Robert Bosch plans to cut up to 5,550 jobs and reduce the working hours of about 10,000 employees to counter a slump in demand for auto parts.

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