German industrial giant Bosch is reportedly cutting 13,000 jobs within the country. This move will affect approximately 10 percent of the company's total workforce in Germany, and the goal is to save 2.5 billion euros.
The editorial office reports that this decision comes after Bosch's previously announced layoffs of 9,000 people. Analysts link this to the deepening crisis in Germany's automotive sector. In recent years, giant manufacturers such as Volkswagen and Continental have also implemented similar layoff programs.
According to experts, rising costs, the transition to electric vehicles, and instability in global markets have put Germany's automotive industry in a difficult position. Bosch's move is noted as an effort to reduce production costs and maintain competitiveness.