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Auto industry in crisis: thousands of jobs on the brink!
The automotive industry is facing massive challenges: Bosch subsidiary Etas is planning 400 job cuts worldwide due to falling demand.
Auto industry in crisis: thousands of jobs on the brink!
The crisis in the automotive industry is reaching new dimensions! The Bosch subsidiary Etas wants to cut up to 400 jobs over the next three years, affecting one in eight of its approximately 3,100 employees worldwide. However, according to a company spokeswoman, the exact impact on the German locations, which are located in Stuttgart-Feuerbach, Abstatt, Hildesheim, Bochum, Berlin and Munich, is still unclear. Whether there will be further layoffs depends on negotiations with employee representatives. These drastic measures are a response to the weak demand for intelligent driver assistance systems, which have become less important. The job cuts should be made as socially acceptable as possible, which points to an agreement in force since mid-2023 that excludes redundancies for operational reasons until the end of 2027 oe24.at reported.
Job cuts at Bosch and the challenges facing the industry
At the same time, Bosch announced that it would cut over 5,550 jobs worldwide by 2032, with 3,800 of these jobs affecting its German plants. This affects 3,500 jobs in the area of software development for autonomous driving, almost half of them in Germany. Bosch is struggling with a lack of orders and difficult market conditions, which are characterized by a slowing shift towards e-mobility. In a press release, Stephan Hölzl emphasized that the company structures must be adapted to the requirements of the market in order to maintain competitiveness. IG Metall has already warned of the consequences of the cost-saving measures, which could entail operational changes such as downgrading employment contracts to 35 hours per week. This would affect approximately 2,300 employees ZDF also examined critically.
The problems are worsening across the entire automotive industry: companies like Volkswagen and Ford are also facing massive job cuts. The automotive industry in Germany is not only affected by internal challenges, but is also facing declining demand and economic uncertainty. The current situation puts workers in a tense situation, accompanied by protests and warning strikes as they fight for their jobs.