Bosch to let go of more than 5,500 employees mainly in Germany

Bad news follows one another and is similar in the automobile industry. (Photo credit:MaxPPP)

This is yet another hard blow for employees in the automotive industry. It's the turn of Bosch, the famous German equipment manufacturer, to announce some bad news.

Thus, the firm would plan to remove 600 positions by 2026 in Hildesheim in Germany for a total of 750 in 2032. Furthermore, the Schwaebisch Gmuend site near Stuttgart should separate from 1,300 employees between 2027 and 2030. In total, more than 5,500 positions will no longer exist.

The German group justifies this decision by the fact that “ global vehicle production will stagnate this year at around 93 million units, or even decline slightly compared to the previous year “. It's no secret, automotive suppliers are sufferingbecause the European automobile sector is suffering.

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Electrics are stagnating in Europe and the Chinese market is becoming more and more complicated. Valeo insists that the Chinese offensive is unprecedented, BMW has just announced plummeting operating figures, Audi will cut 4,500 indirect jobs, still in Germany. At Nissan, no less than 9,000 people will have to find work elsewhere worldwide. For its part, Michelin will close two factories in France. Unfortunately, the examples are numerous.

In addition, there remains one piece of data that is important to say the least: Trump. Since the future president clearly intends to favor local manufacturers, imports, particularly from Europe, risk taking a hit in the wing. Currently, German manufacturers export slightly less 600,000 cars per year to the United States. A figure that is not insignificant.