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Bosch is in close contact with employee representatives, a spokesman said Monday. Works councils will be involved in a structured way before making decisions and will be able to suggest alternative courses of action.
The decrease affects the areas of development, management and sales. The process should be designed with social responsibility awareness. “We want to focus on internal placement of employees in other areas, qualification programs for growth areas, as well as early retirement arrangements or voluntary termination agreements,” the spokesman said. “Automobilwoche” previously reported on this subject.
According to the spokesperson, Bosch naturally stands behind the future agreement, which was signed with employee representatives only in the summer and does not include operational layoffs of approximately 80,000 employees in the supplier division in Germany by the end of 2027.
He cited the transformation in the automotive industry as the reason for the planned reduction, which will greatly affect the entire sector in the medium term. The transition to electromobility requires high upfront investments and is accompanied by reduced employment needs. The weak global economy, persistent inflation and unfavorable exchange rate effects have further exacerbated the situation. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
