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Bosch, Germany’s technology and services company on Friday said, it plans to cut its automotive division workforce by as many as 5,500 jobs in the next several years. The layoffs at Bosch is another sign of the headwinds hitting the German and global auto industries. Parts supplier Robert Bosch GmbH job cuts globally, mainly in Germany, reflect the woes rippli
ng through the supply chain. (Image Credit: bosch) The company cited stagnating global auto sales, too much factory capacity in the auto industry compared with sales prospects and a slower than expected transition to electric-powered, software-controlled vehicles. Job cuts at Bosch Bosch, the world’s bigg
est automotive suppli
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