Reported about 17 hours ago
German supplier Bosch announced plans to cut up to 5,500 jobs in its automotive division over the next few years, highlighting ongoing challenges in the global auto industry, including stagnant sales and a sluggish shift to electric vehicles. This decision follows significant job cuts announced by Ford and labor unrest at Volkswagen, with the overall market facing difficulties due to inflation and increased competition from affordable Chinese brands.
Source: YAHOO