Finance
German Car Parts Maker Bosch to Cut up to 1,100 Jobs
Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
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Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleBosch plans to cut 1,100 jobs by 2029, focusing its Reutlingen plant on semiconductors due to a declining auto market.
FRANKFURT (Reuters) -German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales, a senior company official said on Tuesday.
Bosch will focus the plant mainly on manufacturing semiconductors, as making electronic control units is no longer competitive, a statement said.
"The European market for control units is highly price-driven and fiercely contested by new entrants," said Bosch's executive vice president of semiconductor operations, Dirk Kress.
"The necessary job cuts are not easy for us, but they are urgently needed to secure the future of the site."
Bosch employs around 10,000 people in Reutlingen.
German and European auto makers have come under pressure from high costs and ferocious foreign competition, as well as a tariff war between the United States and its global trading partners.
(Reporting by Ilona Wissenbach, writing by Matthias Williams, editing by Rachel More and Thomas Seythal)
Bosch plans to cut up to 1,100 jobs by 2029 at its Reutlingen plant.
The plant will mainly focus on manufacturing semiconductors, as producing electronic control units is no longer competitive.
German and European auto makers are under pressure from high costs, fierce foreign competition, and a tariff war involving the United States.
The necessary job cuts are urgently needed to secure the future of the Reutlingen site amid a rapidly worsening auto market.
Bosch currently employs around 10,000 people at its Reutlingen facility.
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