Bosch, the technology and engineering giant, announced on Thursday plans to eliminate an additional 13,000 positions globally. The move, previously reported by German business daily “Handelsblatt”, will primarily affect the company’s automotive supplier division.
The restructuring will impact several Bosch locations in Germany. Waiblingen is reportedly slated for complete closure. A significant reduction of 3,500 jobs is planned for the Stuttgart-Feuerbach facility. Further job cuts are anticipated at sites in Schwieberdingen, Bühl and Homburg.
According to a company statement, the decision is driven by a combination of factors including the weakened global economic climate and significant investment costs. The slower-than-expected adoption and scaling of climate protection technologies – encompassing areas such as electric mobility and hydrogen technology – have also been cited as contributing factors. The company is working to adapt its operations in response to these evolving market conditions.