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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.5 - Manufacture Of Domestic Appliances
450 jobs Number of planned job losses
Announcement Date
23 February 2024
Employment effect (start)
23 February 2024
Foreseen end date
31 December 2027
Description
German multinational engineering and technology company Bosch has announced plans to cut 3,500 jobs worldwide Bosch 2024 - WO by the end of 2027, including 450 in Germany. The cuts will affect the home appliances division (BSH), which employs approximately 17,000 people in Germany.
According to sources, the program will target administrative roles, while production will remain unaffected for now. The adjustments are intended to be implemented in a socially responsible manner, and the company aims to avoid compulsory redundancies.
Bosch cited the need to reduce costs to maintain competitiveness as the reason for the layoffs.
At the end of 2023, Bosch employed 427,600 people globally, with 133,800 based in Germany.
Eurofound (2024), Bosch, Internal restructuring in Germany, factsheet number 202224, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202224.
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