Home » Industrial relations » National industrial relations » Germany: Bosch cuts 5,500 jobs and reduces working hours and salaries for 10,000 employees Germany: Bosch cuts 5,500 jobs and reduces working hours and salaries for 10,000 employees On 22 November, equipment manufacturer Bosch announced further cuts to its workforce. Around 5,500 positions in several business sectors are affected, including 3,800 in Germany. These cuts are in addition to the approximately 7,000 job losses announced at the beginning of 2024, taking place across the entire group over the coming years. In addition, almost 10,000 German employees will be subject to a reduction in working hours and pay. By Thomas Schnee. Published on 27 November 2024 à 11h40 - Update on 27 November 2024 à 11h41 Resources The German automotive industry, both manufacturers and subcontractors, continues to be in the doldrums. While Volkswagen is in the throes of negotiations over plant closures and major wage cuts, and with parts manufacturers Continental and ZF having already announced 7,000 and up to 14,000 job cuts respectively,… Thomas Schnee Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst nameLast nameOrganizationFunctionemail* Object of the messageYour messageRGPD J’accepte la politique de confidentialité.EmailThis field is for validation purposes and should be left unchanged. Essentials Latest articles Longer careers: a new state of affairs for companies CSRD: social and environmental reporting market takes shape Analysis & Data Latest articles Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
