Automotive supplier Bosch (ROBG.UL) needs to cut up to 1,500 jobs at two of its German sites by 2025 to adapt staffing levels to changing demand and technologies in the auto sector, the company said on Sunday.
While this absolutely sucks for anyone getting the axe, this is hardly surprising. Bosch is quite heavily involved in the development of combustion engines, and the need to reduce overcapacity in this dying field is well known.
While this absolutely sucks for anyone getting the axe, this is hardly surprising. Bosch is quite heavily involved in the development of combustion engines, and the need to reduce overcapacity in this dying field is well known.