1 year ago
22
FRANKFURT:The
Bosch
group said Friday it planned to axe 3,500 jobs at its BSH
home appliances
subsidiary by 2027, the latest in a series of
job cuts
among
German manufacturers
as they struggle with rising costs and weaker demand.
The company had to "reduce complexity and costs" in order to "safeguard its competitiveness" in a challenging economic environment, BSH said in a statement.
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