Bosch to cut 13,000 jobs in Germany to save billions in costs
Source: BBC
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 in Germany which provides vehicle parts and software, came as a result of a stagnated market and pressure from rival companies. The market has seen increased competition from the likes of Tesla and China's BYD.It also blamed increased costs arising, in part, from US…
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