Bosch to Slash 5,500 Jobs Amidst Ongoing Auto Industry Downturn
3 months ago
In a significant move reflecting the ongoing challenges in the automotive industry, Bosch has announced plans to eliminate approximately 5,500 jobs. This drastic decision comes as the global automotive market continues to grapple with decreased demand and an oversupply of parts. The restructuring is expected to impact various regions, ushering in a new phase in Bosch's operational strategy aimed at navigating the rough waters ahead.
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