Bosch to cut 13,000 jobs to save billions in costs
SEPT 26 - Bosch is set to cut 13,000 jobs as part of its plans to save €2.5bn (£2.06bn). The engineering giant said the losses, in its mobility division Kenya breaking news | Kenya news today |..
✨ Key Highlights
Bosch announced it will cut 13,000 jobs, primarily within its mobility division in Germany, as part of a strategy to save €2.5 billion (£2.06 billion). This decision stems from a stagnant market, increased competition from companies like Tesla and BYD, and higher operational costs, including those attributed to former US president Donald Trump's tariffs.
- Bosch aims to save €2.5 billion (£2.06 billion) due to a significant "cost gap" in its auto business.
- The job cuts will affect various roles in administration, sales, development, and production across multiple German locations.
- No jobs in the UK will be immediately impacted, though Bosch will continuously assess operations based on market demands.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Trump Announces New Tariffs; KEPSA Urges US to Renew AGOA - September 2025
President Donald Trump announced a new wave of tariffs targeting drugs, trucks, and kitchen cabinets, citing the need to protect US manufacturers from what he termed foreign "FLOODING" of these products. In a related development, Bosch announced it will cut 13,000 jobs as part of a strategy to save €2.5 billion, citing higher operational costs attributed to former US president Donald Trump's tariffs. Meanwhile, the Kenya Private Sector Alliance (KEPSA) is urging the United States to renew the African Growth and Opportunity Act (AGOA) for 16 years. KEPSA warns that a failure to renew the act could jeopardize jobs and investment. The alliance has proposed a two-year transition period for Kenya to negotiate a bilateral trade agreement if the renewal is not secured.
