The Bosch plant in Reutlingen, Germany, has announced large-scale layoffs. It plans to lay off up to 1,100 people. The reasons are decreasing orders, price pressure, and fierce competition in the automotive industry, reports German newspaper Bild.
The troubles facing the German automotive industry have prompted further layoffs at one of the region's largest manufacturing plants. This time, approximately 1,100 people will lose their jobs at the Bosch plant in Reutlingen , where electronic components for cars are manufactured. The plant also plans to refocus its operations. Instead of producing controllers, it now intends to manufacture modern semiconductors. This also includes staff reductions, primarily in production and administration .
There will be more layoffs
However, Bosch intends to lay off significantly more people at its global operations. In total, it plans to reduce its workforce by approximately 14,000 . The company plans to close two plants in Germany—in Sebnitz, Saxony, and Leinfelden-Echterdingen, Baden-Württemberg, where power tools, gardening equipment, and measuring devices were manufactured, among other products.
Advertisement See also: Take part in our stock market multi-thlon! Disciplines: sprint for stocks, dive into ETFs, and push your wallet for the prize.
When carrying out the layoffs, the company intends to cooperate with trade unions to ensure that employees have the best possible departure conditions.
What about the company's Polish factories?
In Poland, Bosch has plants in Warsaw, Łódź, Rzeszów, Goleniów, and Wrocław, among others, where it employs a total of nearly 10,000 people. So far, layoffs have affected only a portion of the workforce at the plant in Mirków, near Wrocław. There, a total of 140 employees lost their jobs out of a total of 1,300 – 60 were laid off, and 80 had their contracts not renewed. So far, the company has not announced any further plans to reduce employment at its Polish plants .
KW