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German companies in Fortune 500 Europe announced over 60,000 layoffs in 2024

German companies in Fortune 500 Europe announced over 60,000 layoffs in 2024

German companies in the Fortune 500 Europe announced more than 60,000 job reductions this year. Major German employers such as BOSCH and Siemens are laying off tens of thousands of employees in an attempt to

Is Bosch layoffs going to affect employees in China?

Is Bosch layoffs going to affect employees in China?

On November 27, BOSCH announced its plans to lay off 5,500 employees globally, including thousands of people in Germany. But is the planned reductions going to affect the Chinese region? Let us find out in

Bosch layoffs: German giant plans massive job cuts as ‘auto industry has significant overcapacities’

Bosch layoffs: German giant plans massive job cuts as ‘auto industry has significant overcapacities’

German firm Bosch - headquartered in Gerlingen near Stuttgart, is planning significant job cuts as the global auto industry faces significant challenges. The company is expected to lay off nearly 5,500 employees in the near