German auto technology supplier Bosch to cut 5,500 jobs, citing stagnant demand for cars and new technology FRANKFURT, Germany -- German auto technology supplier Bosch to cut 5,500 jobs ...

Cutting costs. German car parts manufacturer Bosch said it plans to cut 3,800 jobs in Germany by the end of 2027 to reduce costs in an increasingly competitive market ...

German automaker Mercedes-Benz said on Thursday that the company plans to cut costs following weakening business. "In the coming years, we will reduce our costs by several billion euros a year," a ...

The New York Times says the company hopes the cut-back will return it to profitability as Germany struggles to overcome economic weakness that has hindered growth for nearly two years. The German ...

German auto parts manufacturer Schaeffler said it would cut thousands of jobs across Europe as part of a restructuring program aimed at boosting its competitiveness in a challenging market.

Hendrik Wuest, minister-president of North Rhine-Westphalia state -- where Thyssenkrupp Steel's headquarters is located -- described the job cuts as a shock to thousands of families and a significant ...

an academic body that advises the German government on economic policy, cut its 2025 growth forecast to 0.4%, down from 0.9% growth in its spring forecasts. The economic experts also revised their ...

Further job cuts at German technology giant Bosch cannot be ruled out amid the country's wider economic struggles, chief executive Stefan Hartung has said. Bernd Weißbrod/dpa Further job cuts at ...

Germany's technology and services company Bosch said on Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the ...

Copyright 2024 The Associated Press. All Rights Reserved. The Bosch plant in Hildesheim, Germany, is shown Friday, Nov 22, 2024. (Alicia Windzio/dpa via AP) The Bosch ...