Bosch Axes 1,100 Jobs Amid Auto Market Slump

Bosch is slashing up to 1,100 jobs at its Reutlingen plant by 2029 as the auto market takes a nosedive. They’re shifting gears to focus on semiconductors instead of electronic control units, which just aren’t profitable anymore thanks to cutthroat competition. Tough news for the 10,000 employees there, but Bosch says it’s the only way to keep the plant alive. The European car scene is seriously feeling the heat from global rivals and trade wars right now! #Cars #CarOwnership #Bosch