Categories: Just Politics

Bosch to sack 13,000 workers

German industrial giant Bosch has announced it would cut 13,000 jobs, mostly in its auto unit.

The cuts, all of which will take place in Germany, represent about 10 percent of Bosch’s total workforce in the country, and three percent of its staff worldwide.

Bosch – the world’s biggest auto supplier, making everything from braking and steering systems to sensors – said the layoffs were needed to help make annual savings of 2.5 billion euros ($2.9 billion) in the group’s car unit.

“Demand for our products is shifting significantly to regions outside Europe. We need to orient ourselves to where our markets and customers are,” the head of industrial relations at Bosch, Stefan Grosch, said on Thursday, September 25, 2025.

The auto industry in Europe’s biggest economy has been hammered by fierce competition in key market China, weak demand, and a slower than expected shift to electric vehicles.

Workers’ representatives, in an interview with AFP, vowed to resist the cuts, labelling them “unprecedented”.

Another U.S. agency to sack 3,700 workers

Bosch had already announced 9,000 layoffs since last year, and other automotive suppliers, including Schaeffler and Continental, have also laid off thousands.

The top carmakers themselves are facing serious problems, with 10-brand Volkswagen – Europe’s top automaker – planning to cut thousands of jobs in Germany as sales and profits slide.

Sports car maker Porsche, a VW subsidiary, last week hit the brakes on its EV rollout due to weak demand.

The shift to EVs has been a key challenge, with many groups having invested heavily in the transition, but electric cars failing to take off in a major way in Europe.

A fierce automotive price war in China is meanwhile cutting into car-part makers’ margins, reducing their room for manoeuvre.

The Star

Segun Ojo

Recent Posts

Real estate developer gifts Peller, Jarvis N400m mansion at wedding

Popular Nigerian content creator and TikTok star Habeeb Hamzat, popularly known as Peller, and his…

1 hour ago

Health workers threaten legal action against SSANU, NASU over allowance dispute

Health workers in Nigeria's federal tertiary institutions have threatened to sue the Senior Staff Association…

2 hours ago

Canada issues 10 tips to help applicants avoid immigration delays

The Canadian government has released 10 guidelines aimed at helping travellers, prospective immigrants and citizenship…

3 hours ago

Fubara’s biggest mistake was building own structure — Wike

The Minister of the Federal Capital Territory, Nyesom Wike, has said Rivers State Governor Siminalayi…

4 hours ago

Kaduna govt graduates over 1,000 forest guards to boost fight against terrorism

The Kaduna State Government has graduated over 1,000 Armed Forest Guards as part of efforts…

4 hours ago

65 Nigerian ambassadors cleared by host nations, as Reno Omokri, others remain unresolved

The Ministry of Foreign Affairs has announced that 65 of the 69 ambassadorial nominees appointed…

5 hours ago

This website uses cookies.