Bosch plans to cut up to 560 jobs at its Power Tools division by 2026 due to market changes and economic challenges. The company also plans to expand its portfolio and North American business.
German engineering firm and auto supplier Bosch plans to cut hundreds of jobs in its Bosch Power Tools division. "The company expects a need to cut up to 560 jobs . by the end of 2026," a Bosch spokeswoman told dpa on Wednesday. The plans affect more than a quarter of the approximately 2,000 employees at the Bosch plant in Leinfelden-Echterdingen, in south-western Germany. Around 3,100 people work in the power tools division in Germany. Bosch cited changing market and customer requirements as
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