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Bosch Eyes 1,200 Job Cuts As High Costs, Slowing Demand Bite
- Supplier starting talks with labor on software, hardware jobs
- Auto industry under pressure to cut costs as EV demand slows
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Robert Bosch GmbH is looking to cut 1,200 jobs in its software and electronics unit over the coming three years as the German automotive supplier responds to higher costs and slowing growth.
A weak economy and high inflation caused by increased energy and raw-materials expenses is forcing Bosch to step up savings at its Cross-Domain Computing Solutions unit, which develops automated driving technologies, the company said Thursday.