Bosch to Cut Working Hours and Salaries for 10,000 Employees
- Affected staff to have work week cut to 35 hours from 38-40
- Measures to be introduced from March at Bosch headquarters
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Robert Bosch GmbH will reduce the working hours of about 10,000 employees in addition to massive job cuts it’s undertaking to counter a slump in demand for auto parts.
Affected staff will have their working week shortened to 35 hours from 38 or 40, resulting in pay cuts of about 12.5%, a spokeswoman said on Saturday. The measures will be introduced from March at its headquarters in Gerlingen, Germany, with similar moves planned for facilities in Schwaebisch-Gmuend and Schwieberdingen, she said.