BREAKING NEWS

BREAKING NEWS

Bosch to cut jobs

Now Reading:

Bosch to cut jobs

Text size Aa Aa

Falling car sales are forcing German firm Bosch to cut 10,000 jobs this year reducing its global workforce to 270,000.

The world’s biggest car parts supplier said it will also keep 100,000 of its staff on short working hours. The company – which also makes domestic appliances – will post a deep loss this year, with group revenue down around 15 percent to 38 billion euros.