Bosch is planning to lay off 7,000 employees in Germany, mainly in the automotive supply sector, tools division, and BSH subsidiary. Despite aiming for a major acquisition of Johnson Controls worth $8 billion to boost its position in the heat pump and air conditioning industry, Bosch will not achieve its 2024 economic goals.
Bosch to cut 7,000 jobs: “At the moment, I cannot rule out …,” says CEO
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