Recently, Bosch’s plans to cut jobs in Germany were announced several times. Up to now, up to 3,760 jobs have been up for grabs in the supplier sector and the Power Tools division. Together with BSH Hausgeräte, the latter forms the consumer goods pillar of the group – and thus the second largest business area. Power Tools produces, among other things, power tools, garden tools and measurement technology.
However, inflation and economic weakness have recently caused problems for both areas. According to preliminary business figures, in 2023 the division generated more than a fifth of Bosch’s sales of 91.6 billion euros. However, this division was the only one that recorded a significant decline in sales last year. Bosch does not expect demand to pick up again until 2025.