Bosch to cut 7,000 jobs: “At the moment, I cannot rule out …,” says CEO Stefan Hartung
Bosch is planning to lay off 7,000 employees in Germany, mainly in the automotive supply sector, tools division, and BSH subsidiary. Despite aiming for a major acquisition of Johnson Controls worth $8 billion to boost its position in the heat pump and air conditioning industry, Bosch will not achieve its 2024 economic goals.