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Germany’s largest automotive supplier Bosch has tightened its austerity measures due to the industry crisis. The technology group announced plans to cut around 13,000 jobs in its Mobility division.

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The company, based in Gerlingen near Stuttgart, officially announced the new job cuts on Thursday, after the German Handelsblatt newspaper had already reported on the plans. The Power Solutions and ...

Germany's Bosch will cut 13,000 jobs as the world's top vehicle parts supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of €2.5bn ...