German carmaker Bosch plans to cut 5,500 jobs amid a growing crisis in the auto industry, a spokeswoman said Friday.
More than two-thirds of these, about 3,800 jobs, will be in Germany, he said, as the company sees another “need for adjustment.”
The figures are based on plans but the exact numbers should be discussed with the workers’ representatives, and negotiations will begin.
The Cross-Domain Computing Solutions division, which deals with assistance systems and automated driving, for example, is particularly affected.
By the end of 2027, 3,500 jobs in this division will be lost worldwide, almost half of them in Germany.
According to the works council, this includes sites in Leonberg, Abstatt, Renningen and Schweeberdingen in the southern state of Baden-Württemberg, and Hildesheim in Lower Saxony.
By 2032, approximately 750 jobs will be cut at the Hildesheim plant, where Bosch produces electromobility products, 600 of them already by the end of 2026.
There are also plans to cut costs for this unit that produces steering wheels for cars and trucks. Up to 1,300 jobs on site in Schwäbisch Gmünd, also in Baden-Württemberg, between 2027 and 2030. This is more than a third of the workforce there.
The supplier said the drop in workers was due to the crisis in the auto industry.
“Global car production will stop this year as it will be around 93 million, if not slightly lower compared to last year,” said Bosch.
A gradual recovery is expected in the coming year amid high volume in the industry. Competitive pressure and prices have also increased significantly.
According to Bosch, manufacturers need too few parts for electric cars, for example, which leads to overuse.
In addition, the future technology market is not developing as Bosch expected, with the demand for driver assistance systems and automated driving solutions decreasing significantly.
Many such projects are currently being postponed or canceled by producers, the company said.
On the management side, Bosch is now struggling with increased competition and plans to respond to mass operations and cost reductions.
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