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Bosch Announces Job Cuts, Deals Another Blow to the Automotive Industry

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The EV industry has claimed another victim, with Bosch announcing job cuts in 2024. Bosch’s workforce reduction plans will affect around 5,550 jobs, which should aid in the company’s plans to stay competitive in the international market. Around 3,800 of these cuts will take place in Germany. Car maker Volkswagen has already announced a similar decision, with plans to shut down three factories in Germany, laying off thousands of workers despite resistance from u

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ions.  The German car industry’s layoffs are not surprising considering the conflicting nature of the sector right now. While there has been a global shift toward a

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