Berlin, January 18, 2024, The Europe Today: In a strategic move, automotive supplier Bosch has revealed its intention to reduce its workforce by 1,200 positions in the software development division by the end of 2026, as confirmed by a company spokesperson on Thursday. The announcement aligns with a report from Handelsblatt daily.
The spokesperson clarified that discussions with employee representatives regarding the proposed job cuts are yet to commence, emphasizing that the reductions are planned but not finalized at this stage.
The primary driver behind this decision, leading to 950 job cuts in Germany alone, is attributed to the notably slower-than-anticipated progress in the development of fully automated driving, as reported by Handelsblatt.
Bosch issued a statement citing a combination of factors, including a weakened economy and elevated inflation, influenced by rising energy and commodity expenses, as contributors to the deceleration in the transition. The company acknowledged the current challenges and emphasized the impact on the anticipated timeline for technological advancements in the automotive sector.
Affected employees within the software development division were briefed about the outlined plans during a communication session held yesterday afternoon, according to the company spokesperson.
The forthcoming discussions with employee representatives will play a crucial role in shaping the final decisions regarding the proposed job cuts. Bosch aims to navigate these changes within the broader context of evolving economic conditions and technological landscapes in the automotive industry.