Among the main reasons for these cuts, the company cites the difficult situation in the automotive industry and competition from Chinese manufacturers
German automotive supplier Bosch is set to cut 24,000 jobs by 2032, amid the crisis hitting Germany's automotive industry and rising competition from Chinese manufacturers, according to a report by the newspaper Handelsblatt. At the end of September, news agency DPA had reported that Bosch plans to lay off approximately 900 employees from its Nuremberg factory, in addition to an extensive program eliminating 22,000 job positions. "Bosch will eliminate 24,000 jobs in Germany by 2032," the publication states. It is clarified that this figure is cumulative and includes recent decisions regarding new workforce downsizing measures.
Among the main reasons, the company cites the difficult situation in the car manufacturing sector and competition from Chinese manufacturers, who are increasingly strengthening their presence in the European market. In March, news agency DPA had reported that around 22,000 jobs were to be cut during the 2029–2032 period, with layoffs impacting both headquarters and the group's production facilities. Costs associated with staff reductions over this specific period are estimated to reach 2.7 billion euros for Bosch, affecting automotive supply chains.
In mid-August, Germany's Federal Statistical Office (Destatis) announced that employment in the German automotive sector fell to its lowest level since 2005. The agency also highlighted that the German manufacturing sector lost 144,100 job positions over the past year, underscoring broader European manufacturing challenges.
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