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Article Summary
- Bosch, one of Germany's largest employers, is cutting working hours for 10,000 additional staff following expanded layoffs.
- The company is facing challenges in the automotive sector, prompting the need for cost-saving measures.
- Bosch is implementing various strategies to reduce costs, including cutting hours, early retirement offers, and severance packages.
- The company is also exploring options such as temporary layoffs and reduced hours to address the economic downturn.
- Bosch's decision to cut working hours for more employees reflects the ongoing challenges in the global economy. Tone: Informative and slightly concerned about the economic challenges faced by Bosch and its employees.
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Bosch, One Of Germanys Biggest Employers, Cuts Working Hours For 10,000 Extra Staff Following Expanded Layoffs
Robert Bosch, which employes arounf 429,000 people, is overhauling its workforce as the company struggles with Germany's flatlining economy.
https://fortune.com/europe/2024/11/25/bosch-german...
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