Bosch CEO Fails to Rule Out Plant Closing, More Job Cuts: Funke

Bosch is yet to decide on the potential close of Robert Bosch GmbH’s electric motor plant in Hildesheim, Chief Executive Officer Stefan Hartung said in an interview published on Saturday. 

Hartung told journalists from the Funke Media Group that
the auto parts supplier was holding talks with employee
representatives to “ensure competitiveness” at the site in
northern Germany.  

Further planned job cuts weren’t ruled out by Hartung, who
said the current economic situation made it hard to predict
production needs.

Bosch has previously said that it was ruling out compulsory
redundancies at its German Bosch Mobility sites until the end of
2027, although thousands of job cuts have been planned across
the firm, which employed almost 430,000 people worldwide at the
end of 2023. 

The discussion comes as Germany’s auto industry has been
rocked by a series of setbacks, with profit warnings from
Mercedes-Benz Group AG and BMW AG adding to Volkswagen AG’s
announcement that it’s considering its first ever plant closures
in its home country. 

In the interview, Bosch’s CEO said he didn’t see his
company’s partnership with Volkswagen changing, and their work
with the automaker is not just short-term.