German auto parts maker Bosch announced on the 22nd that it will cut up to 5,550 employees worldwide by 2032 due to sluggish sales of electric vehicles (EVs) and other factors. The department that will be affected is software development for autonomous driving, and nearly 70% of the employees affected are based in Germany. “The automotive industry is facing significant overcapacity,” Bosch said in a statement. “Demand has not grown as expected, and many projects have been postponed or abandoned.” The European automotive industry is seeing a series of job cuts and downsizing. German car maker Volkswagen is considering closing three domestic factories, while U.S. automaker Ford Motor Co. has announced it will cut 4,000 jobs in Europe. In addition, Northvolt, a new Swedish battery manufacturer, has run into management difficulties and filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code, which is equivalent to Japan’s Civil Rehabilitation Law. Yomiuri Shimbun 2024/11/23 17:56.
Europe was jealous of Suzuki Daichi’s speed and banned the Vassallo, but Suzuki came up with an even more amazing move and Europe suffered a major defeat.
The president changed in October, the legal affairs are a real pain, and it’s dry and drastic… I don’t want to work at a company like this, even if the salary is high.
Technology, environment, ideas, productivity, everything is great. Japan is losing in every way… it’s really embarrassing. They should follow Germany’s example.
Politics has interfered in the auto industry, distorting market competition. Policies that left consumers behind have only taken away their choices and made things difficult for them. The price has come back to haunt them in the form of restructuring.
Why the unprecedented Volkswagen has survived. The beginning of Europe’s obsolescence. Responsibility for immigration, Russian invasion, and the founding of Israel.
>>33 The electricity bill is so high because they stopped using nuclear power plants. It’s because they have to import electricity from other countries’ nuclear power plants. I’m scared the coalition government will collapse.
>>38 Water is scarce in Germany and electricity is expensive, so people are more environmentally conscious. That’s a good thing, but this is what happens when you push yourself too hard.
Comments