Bosch, one of Germany’s largest automotive suppliers, announced that it will lay off 13,000 people due to weak market conditions, rapidly rising costs, and pressure from competitors. The company announced that it faces an annual cost shortfall of €2.5 billion under these challenging circumstances and stated that it wants to reduce costs as quickly as possible.

Bosch is parting ways with thousands of employees

In addition to the layoffs, Bosch plans to implement a series of additional cost-cutting measures. These measures include cutting material and operating expenses, reducing investments in facilities and buildings, and making logistics and supply chains more efficient.

The layoffs will be phased in at various locations in Germany by the end of 2030. The company stated that it has long had significant overcapacity in both administrative and sales, development, and production departments due to declining demand.

Bosch board member and industrial relations director Stefan Grosch said, “We urgently need to increase our competitiveness in the mobility sector and continue to reduce our costs permanently. This is very painful for us, but unfortunately, there is no escape.”

Bosch has already been implementing a job reduction program since 2023. Last year, the company laid off 11,600 employees in the mobility sector, its largest business worldwide, 4,500 of whom were in Germany.

The company, which produces automotive parts as well as household appliances, power tools, and industrial and building technologies, had approximately 418,000 employees worldwide as of the end of 2024. The company employs approximately 130,000 people in Germany.

Bosch, whose revenues decreased by 0.7% last year, expects revenues to reach 90.5 billion euros in 2025, a nearly 2% increase compared to the previous year. What are your thoughts on this? Share your thoughts with us in the comments section below.