Bosch Announces Major Job Cuts in Oberallgäu Due to Automotive Industry Shift
Bosch has announced significant job cuts at its plant in the Oberallgäu region (Blaichach/Immenstadt), with up to 650 positions at risk. This move is part of a larger nationwide reduction of 13,000 usajobs, primarily due to the ongoing crisis in the automotive industry and the shift towards electromobility.
The Oberallgäu plant is one of the locations affected by the job cuts. Bosch has stated that the reduction is directly linked to the decline in demand for combustion engine components, as the automotive industry transitions towards electric vehicles. The company is also grappling with the global semiconductor shortage, which has further impacted its usajobs.
The job cuts are part of a broader restructuring plan at Bosch, aimed at streamlining its operations and ensuring its long-term competitiveness. The company has emphasized that it will provide support to affected employees, including outplacement services and severance packages.
Bosch's job cuts at the Blaichach/Immenstadt plant are part of a larger nationwide reduction, totaling 13,000 usajobs. The company attributes this move to the crisis in the automotive industry and the shift towards electromobility. Bosch has committed to supporting affected employees during this transition.
