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Massive job cuts at Bosch Engineering: 380 jobs at risk!
Bosch Engineering plans to cut 380 jobs in Germany by 2027, with severance programs for affected employees.
Massive job cuts at Bosch Engineering: 380 jobs at risk!
In the last few days, Bosch Engineering employees at the Abstatt and Holzkirchen locations have had cause for concern. The renowned company announced that around 380 jobs will be cut by the end of 2027. This measure is part of a comprehensive plan by the Bosch Group to cut a total of 13,000 jobs in the mobility sector, which also includes the closure of two locations in the Power Tools business. The reasons for this are complex, but the tense conditions in the auto industry, existing overcapacity and ongoing cost pressure are cited as decisive factors. [Merkur].
However, the affected employees can hope for support. Bosch Engineering offers a volunteer program in which employees who leave by the end of 2025 can receive severance payments of up to 30,000 euros. Employees with less than two years of service receive a severance payment of 20,000 euros. In order to encourage departures, those who leave the company by the end of October 2025 will receive an additional two months' salary. There are also attractive conditions for those who leave in November or December, including leave with pay for these months. According to Voice, employees have the opportunity to reshape their future.
The locations in Germany
The Abstatt site, where around 2,000 people are currently employed, and the plant in Holzkirchen, where around 200 people work, are the facilities most affected. These two plants are part of an extensive corporate network, which also includes facilities in Ingolstadt and Braunschweig. Bosch Engineering was founded in 1999 and has since established itself as an important player in development for vehicle and engine manufacturers. The company employs around 3,000 people worldwide.
When it comes to pay, engineers at Bosch Engineering earn, depending on experience, an annual salary of around 75,000 euros if they have been with the company for less than three years, and between 97,000 and 123,000 euros if they have been with the company for more than ten years. This reflects the high qualifications of the workforce and shows that Bosch Engineering is an attractive employer, even if the economic conditions are worsening.
At this critical time, when many employees are thinking about their professional future, it will be exciting to see how the situation develops. The ongoing change in the automotive industry requires adjustments, and last but not least, Bosch Engineering is faced with the challenge of not only restructuring its workforce, but also remaining innovative to meet future requirements.