Tag: Bosch
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Bosch Announces Layoffs of 13,000 Employees Amid Market Challenges
Bosch Announces Layoffs of 13,000 Employees Amid Market Challenges In a significant development in the automotive sector, Bosch, the leading vehicle parts manufacturer based in Germany, has announced plans to lay off approximately 13,000 employees worldwide. This decision is primarily driven by rising costs and declining demand in the vehicle market, exacerbated by new tariffs…
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Bosch to Lay Off 13,000 Employees Amid Market Challenges
Introduction In a significant move affecting its global workforce, Bosch, a leading vehicle parts manufacturer based in Germany, has announced plans to lay off approximately 13,000 employees. This decision comes in response to various market challenges, including rising costs and a downturn in vehicle production. Reasons Behind the Layoffs The layoffs are primarily attributed to…