web analytics

World of HR: German auto parts manufacturer cuts hours, pay to save money amid shrinking auto demand

This post was originally published on this site

A

shortened workweek has been touted as a way to encourage efficiency and engagement, not a way to cut pay. But one German company is using it as it tries to drastically reduce costs.W

here in the world? Germany is Europe’s largest economy, but has struggled since 2022 amid weak demand for exports like electric cars and competition with China. Now, Robert Bosch, a German autopart supplier with 429,000 global employees as of 2023, announced plans to cut some employees’ hours as the company tries to save costs, Fortune reported. The move came shortly after a fresh round of layoffs affecting

Read Full Story

See also  Beyond the Classroom: Real World Experience and Football Predictions
,

Get the Latest HR Headlines

* indicates required

HR NEWS MARKETPLACE


»Convert More Candidates with Dalia


»Hire Quality Talent Faster with FastTalent


»Diversity and Inclusion Job Board


»RecTech PR Newswire


»Job Board Directory


»Recruiting Newsletters


»HR Tech News


»HR Freelancers


»Jobs with Relocation Assistance


»Diversity Hiring News


»Recruiter Ebooks