The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture Of Electrical And Electronic Equipment For Motor Vehicles
3,800 jobs Number of planned job losses
Announcement Date
22 November 2024
Employment effect (start)
22 November 2024
Foreseen end date
31 December 2030
Description
As announced on 22 November 2024, technology company Bosch plans to cut an additional 5,500 jobs worldwide, including 3,800 in Germany. The reason cited is overcapacity in the automotive sector.
The latest cuts will primarily affect the "Cross-Domain Computing Solutions" division and the locations in Leonberg, Schwäbisch Gmünd, and Abstatt in Baden-Württemberg, as well as Hildesheim in Lower Saxony. In recent months, Bosch also reduced the working hours of numerous employees—along with their salaries accordingly. Bosch employs approximately 134,000 people in Germany.
The global restructuring programme has been recorded in the ERM database Bosch 2024 - WO.
Earlier this year, the company announced plans to cut 3,500 jobs by 2027. This event has been recorded in the ERM Bosch 2024 - WO.
Eurofound (2024), Bosch, Internal restructuring in Germany, factsheet number 202007, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202007.
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