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
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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
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