The current context of the automotive market
The global automotive industry is going through a period of great uncertainty and change. The recent decision by Bosch, one of the main suppliers of automotive components, to reduce 5,550 jobs worldwide, highlights the difficulties that many companies are facing. According to official statements, global vehicle production is expected to stagnate, with a production that stands at around 93 million units, a number that could also decrease compared to the
previous year.
The challenges of the sector
The causes of this crisis are manifold. First, demand for new cars is experiencing a significant decline, influenced by various economic and social factors. In addition, the switch to electric vehicles, although necessary, is happening with delays, creating an additional obstacle for traditional manufacturers. Finally, growing competition from Chinese manufacturers is putting pressure on European companies, forcing them to review their operational and commercial strategies
.
The measures taken by Bosch
In this context, the reduction of staff by Bosch is seen as a necessary measure to ensure the company’s competitiveness in the global market. The announcement came at a time when many other companies in the industry are taking similar steps, restructuring their operations to adapt to an ever-changing landscape. Bosch, like many other companies, is trying to face future uncertainties in the automotive market, and the reduction of jobs is just one of the strategies put in place to face
this challenge.
