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Bosch workers call for EU action to protect local jobs amid industry shift

Created at 16 Sep · 10:06 AM1 source↑ Market-relevant
IN SHORT

Workers at auto supplier Bosch are demanding European Union regulations to promote local production and stem job losses in the automotive sector. The company plans to cut 13,000 jobs in its core automotive business by the end of the decade due to industry transformation and competition.

Key Numbers

13,000jobs Bosch plans to cut in automotive business by end of decade
70,000German workers represented by Bosch Mobility unit's works council

Who's Involved

Frank Sell
head of the general work's council at Bosch's Mobility unit
Bosch
auto supplier cutting 13,000 automotive jobs
Volkswagen
automaker battling Chinese competition
BMW
automaker battling Chinese competition
Mercedes-Benz
automaker battling Chinese competition
European Commission
assessing trade measures for local industry

↳ Why This Matters

The call for EU-level action highlights concerns over job security in the European automotive sector amidst global competition and industry transformation, potentially leading to new trade policies that could impact vehicle prices and supply chains.

Key facts

  • Bosch workers are calling for EU regulations to promote local production and protect jobs.
  • Bosch plans to cut 13,000 jobs in its automotive business by 2030.
  • The company's Mobility unit head, Frank Sell, represents around 70,000 German workers.
  • Carmakers like Volkswagen, BMW, and Mercedes-Benz are facing competition, tariffs, and high production costs.
  • The European Commission is considering trade measures to shield local industry from Chinese carmakers.
  • EU leaders are expected to discuss the bloc's trade deficit with China next month.

Workers at auto supplier Bosch are urging the European Union to implement regulations that would promote local production and safeguard jobs within the automotive sector. Frank Sell, head of the general works council at Bosch's Mobility unit, representing approximately 70,000 German workers, stated that the industry's transformation requires keeping value creation and employment within Europe.

Bosch intends to eliminate 13,000 positions in its core automotive business by the close of the decade. This move is part of a broader trend of layoffs across the sector, as major car manufacturers like Volkswagen, BMW, and Mercedes-Benz grapple with intense competition from Chinese manufacturers, import tariffs, and elevated production expenses.

Sell specifically called for clear 'Made in the EU' regulations to foster competitiveness. The European Commission is currently evaluating potential trade measures aimed at protecting local industries from low-cost Chinese carmakers such as BYD and Chery, who are increasingly targeting European markets for expansion due to a slowdown in their domestic market. EU leaders are scheduled to address the bloc's growing trade deficit with China in the upcoming month.

Frequently asked questions

The Bosch Mobility unit is a division of the auto supplier Bosch that focuses on automotive technology and components, representing around 70,000 German workers.

The European auto industry faces challenges from Chinese competition, import tariffs, high production costs, and the overall transformation of the industry towards new technologies.

The workers are demanding clear 'Made in the EU' rules and political action to promote local production and stem job losses.

What Happens Next

01EU leaders are expected to discuss the bloc's trade deficit with China next month.

How It Developed

Labour representatives at Bosch demanded political action at the EU level to stem job losses in the automotive industry.
Bosch plans to cut 13,000 jobs in its core automotive business by the end of the decade.

Sources

T1
Workers at German auto supplier Bosch call for EU action to stem job lossesReuters

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