German auto parts manufacturer Bosch plans to make major adjustments to its production base in Reutlingen and expects to lay off up to 1,100 employees by 2029. This decision stems from the sharp deterioration of market conditions in the automotive industry, which has led to a continued decline in Bosch's product sales.
Bosch mentioned in a statement that since manufacturing electronic control units is no longer competitive, the company decided to shift the focus of the Reutlingen plant to semiconductor manufacturing.
Dirk Kress, executive vice president of Bosch's semiconductor business, pointed out that the European control unit market is highly price-driven and is subject to fierce competition from new entrants.
He stressed that although layoffs were a difficult decision, these adjustments were necessary to ensure the long-term survival and development of the Reutlingen base.
Currently, the Reutlingen plant employs approximately 10,000 people.
This layoff plan is one of Bosch's important measures to respond to market changes and industry challenges.
German and European automakers generally face pressure from high costs, fierce international competition and a tariff war between the United States and global trading partners.
Bosch's decision reflects the difficulties faced by the industry as a whole, and also shows the proactive measures it has taken to adapt to market changes.
