"In recent months, Bosch has repeatedly announced plans to reduce jobs worldwide," stated CEO Stefan Hartung, as cited by Rzeczpospolita. More than 7,000 jobs in Germany are impacted by this most recent decision,

Bosch is planning to lay off 7,000 employees in Germany, mainly in the automotive supply sector, tools division, and BSH subsidiary. Despite aiming for a major acquisition of Johnson Controls worth $8 billion to boost its position in the heat pump and air conditioning industry,

CEO Stefan Hartung indicated the company won’t meet its economic targets and may make further staffing adjustments. Bosch, reporting €92 billion in revenue in 2023, expects a 4% sales return this year,

The crisis in the automotive industry is spreading more intensely. According to current reports, Bosch plans to lay off 7,000 employees working in plants in Germany, writes "Rzeczpospolita". "Bosch will not achieve its economic goals in 2024,