German Bosch has to get rid of more than 7,000 people on the payroll. Others have to be forced into pay to keep their jobs.
The car giant Bosch is in trouble. And this is now also felt in the subsidiary Bosch Engineering. In order to fix the economy, the employees are now being forced down time.
Today, the working week is 40 hours, but in a little while it will be 37. By January 2025 at the latest, another hour of working time will be reduced.
But the employees can forget all about keeping the same salary. The reward bags are made correspondingly smaller.
This is written by the German Welt .
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According to the media's information, Bosch must find most of the 7,000 redundancies that have already been announced in Germany. Conversely, Bosch defends itself by saying that the cuts are necessary to remain competitive.
The news that the remaining employees are to take pay cuts comes in the wake of several days of bloodbath in the German car industry in general. Most recently, the giant AE Group, which supplies aluminum to several of the major car brands, succumbed.
The company's management hopes, however, that a reconstruction will be able to keep the healthy part of the business alive. If not, 1,000 men stand to lose their jobs.
Other companies are also headed for bankruptcy. The chair and cabin manufacturer Recaro is struggling to find investors for a reconstruction, and BBS is preparing for the fifth bankruptcy in history.
However, car brands are also beginning to succumb. This month, the parent company behind a highly hyped car brand announced that the coffers are empty. Even though car production has been at a standstill for a whole year. Read more about it here.
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