We see a need to adjust up to 1,500 personnel capacities

"Adjust personnel capacities" is a new one. Loving the corporate newspeak

Likely nobody gets fired. The put old employees in so called "Altersteilzeit" or replacing 40 h contracts with new 35 h ones. So that net. 1500*35h are saved

While this absolutely sucks for anyone getting the axe, this is hardly surprising. Bosch is quite heavily involved in the development of combustion engines, and the need to reduce overcapacity in this dying field is well known.

This is the best summary I could come up with:

FRANKFURT, Dec 10 (Reuters) - Automotive supplier Bosch (ROBG.UL) needs to cut up to 1,500 jobs at two of its German sites by 2025 to adapt staffing levels to changing demand and technologies in the auto sector, the company said on Sunday.

"Like other companies, we have to adjust the level of employment to the order situation, structural changes in the drive sector and the market penetration of future technologies," a spokesperson for Bosch said in e-mailed comments.

"We see a need to adjust up to 1,500 personnel capacities in the areas of development, administration and sales in the Drives division at the Feuerbach and Schwieberdingen sites by the end of 2025."

Bosch said it was trying to achieve this via moving staff to other departments, early retirement or voluntary redundancy agreements, adding the group was in talks with the works council over specifics.

Even if we want to maintain our employment level as best as possible with new products and a wide range of training measures, we will have to adjust this to the order situation in some areas," Bosch said.

Bosch confirmed that the company would refrain from compulsory redundancies at its German mobility locations until the end of 2027.

The original article contains 228 words, the summary contains 202 words. Saved 11%. I'm a bot and I'm open source!