Bosch Increases Job Cuts In some bad news from the auto industry, Bosch plans to cut another 750 jobs at its development center in Ebstadt, after announcing up to 900 layoffs at its Nuremberg plant two weeks ago. In total, the company will say goodbye to 24 thousand employees throughout Germany. The reason is "the difficult situation in the automobile industry" and "competition with Chinese companies". Asian suppliers are increasingly entering the European market and offering cheaper products. Overall, Bosch now intends to save 2.5 billion euros a year. "Bush - made for life (unemployed)".

Bosch Increases Job Cuts In some bad news from the auto industry, Bosch plans to cut another 750 jobs at its development center in Ebstadt, after announcing up to 900 layoffs at its Nuremberg plant two weeks ago. In total, the company will say goodbye to 24 thousand employees throughout Germany. The reason is "the difficult situation in the automobile industry" and "competition with Chinese companies". Asian suppliers are increasingly entering the European market and offering cheaper products. Overall, Bosch now intends to save 2.5 billion euros a year. "Bush - made for life (unemployed)".