Bosch fears loss of thousands of jobs because of diesel crisis
Bosch is one of the biggest automotive suppliers in the world. Because of the severely diminished demand for diesel cars, the company fears that several thousands of jobs will disappear. Worldwide, the German industrial giant employs around 410.000 people. The work of some 50.000 of them is directly related to the development and production of diesel engines. 30% of those are located in Germany.
No forced dismissals
In the newspaper, Süddeutsche Zeitung, Bosch CEO Volkmar Denner fears that he has to let several thousands of his workers go. How many is not decided yet, forced dismissals will be avoided.
Denner wants to work with people voluntarily willing to leave the company, earlier retirements, and the reduction of temporary jobs. Already last year, Bosch scrapped 600 jobs in the diesel business. According to Denner, the car market is developing worse than expected.