German Auto Supplier Bosch to Cut 5,500 Jobs in Further Sign of Carmakers’ Woes
By The Associated Press FRANKFURT, Germany—Germany’s technology and services company Bosch said 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 headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry…
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