Bosch to cut 3,500 jobs in home appliances unit
On Friday, the Bosch group announced their intention to eliminate 3,500 positions at its BSH home appliances subsidiary by 2027. This decision follows a trend among German manufacturers who are facing challenges due to increasing expenses and reduced consumer interest.
- Economy
- AFP
- Published Date: 08:17 | 23 February 2024
- Modified Date: 08:17 | 23 February 2024
The Bosch group said Friday it planned to axe 3,500 jobs at its BSH home appliances subsidiary by 2027, the latest in a series of job cuts among German manufacturers as they struggle with rising costs and weaker demand.
The company had to "reduce complexity and costs" in order to "safeguard its competitiveness" in a challenging economic environment, BSH said in a statement.
OTHER ECONOMY NEWS