Posts Tagged ‘Bosch’
Germany’s Bosch To Cut 13,000 Jobs In Blow To Auto Sector
German industrial giant Bosch said Thursday it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country’s ailing car sector. The auto industry in Europe’s biggest economy has been hammered by fierce competition in key market China, weak demand and a slower than expected shift to electric vehicles. The…
Read MoreBosch to cut 13,000 jobs to bring down costs in tough autos market
[BERLIN] Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of 2.5 billion euros (S$3.77 billion), it said on Thursday (Sep 25). The company has previously said it expects to “fight over…
Read MoreGerman auto supplier Bosch to reduce hours for 450 employees due to tough economy
GERMAN auto parts supplier Robert Bosch will reduce the hours, and consequently the pay, of 450 employees in Germany from next spring, citing the difficult economic situation, a company spokesperson said on Thursday (Nov 21). Those employees, whose contracts stipulated that they work 38-to-40 hours a week, will work only 35 hours a week starting…
Read MoreBosch to buy Johnson Control’s air-conditioning assets in US$8 billion deal
It will also acquire full ownership of a joint venture with Hitachi, which includes the Japanese manufacturer’s 40% stake ENGINEERING company Robert Bosch plans to buy Johnson Controls International’s heating and ventilation assets for US$8 billion, as it diversifies its portfolio away from automotive supplies. All parties have signed binding agreements, the German company said…
Read MoreIndia’s Bosch posts Q4 profit rise on higher demand
Bosch, the Indian arm of German automotive supplier Robert Bosch, reported a 41.5 per cent climb in fourth-quarter profit on Friday (May 24), helped by better demand for its automotive products and consumer goods. Net profit rose to 5.65 billion rupees (S$91.8 million) in the quarter ended March 31 from 3.99 billion rupees a year…
Read MoreBosch, Lennox, Samsung vie for Johnson Controls HVAC assets, sources say
ROBERT Bosch GmbH, Lennox International and Samsung Electronics are among the suitors competing to acquire heating and ventilation businesses worth over US$6 billion from Johnson Controls International, people familiar with the matter said on Friday (Mar 22). Johnson Controls has been working with its advisers to sell its residential and light commercial businesses, according to…
Read MoreBosch to cut around 6% of jobs at home appliance division
BSH Hausgeraete, the home appliance division of automotive supplier Bosch, will cut around 3,500 jobs, or about 6 per cent of its workforce, by 2027, its CEO Matthias Metz told Sueddeutsche Zeitung. Metz said the cuts would occur in administration and internal services, as opposed to its production sites, he was quoted as saying. REUTERS…
Read More