Bosch will reduce costs by 2.5 billion euros annually, and layoffs will continue in the context of the crisis in the automotive industry.
Raluca Niculae
International
Foto: Unsplash
Always see our news on Google
Bosch, the largest supplier of automotive components, announces severe measures to reduce costs by 2.5 billion euros per year, following the crisis in the sector. Management has confirmed that new layoffs are inevitable, especially in the supply sector, affecting thousands of employees, mostly in Germany. The crisis is exacerbated by competitive pressures, tariffs, and falling prices, and the CEO expects a continuation of structural adjustments in the industry. Bosch's sales could increase by 2% in 2025, but uncertainties persist.
Sources
Latest News
17:15
Ratko Mladić, the former military commander of the Bosnian Serbs, died in detention in The Hague, where he was serving a life sentence for genocide and war crimes.
17:11
Two deaths have been recorded among elderly individuals infected with the West Nile virus in Romania
17:07
ECB is preparing the settlement of tokenized financial transactions in central bank money and a common European market by 2028
16:45
King Harald V of Norway, at the age of 89, is in a "very serious" condition.
16:41
Russia criticizes the appointment of Claudiu Năsui in the Government of Moldova
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
