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Bosch to Lay Off Over 5,000 Employees Amid German Automotive Sector Crisis

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Bosch to Lay Off Over 5,000 Employees Amid German Automotive Sector Crisis
Source: Bosch

Robert Bosch, the world's largest automotive parts supplier, has announced plans to reduce its workforce by 5,500 positions globally, with 3,800 of these cuts occurring in Germany. The layoffs will primarily impact divisions focused on autonomous driving technologies and steering systems.

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