More than 8,000 job cuts planned by another top German manufacturer ...Middle East

By Anna Cooban, CNN London (CNN) — Thousands of jobs are on the chopping block at German industrial giant Bosch in yet another blow to the country’s beleaguered economy. A spokesperson for the company told CNN Wednesday that it plans to cut a total of 8,250 jobs globally over the coming years. The axe will fall in what it calls its Mobility business sector, which supplies parts to automakers around the world, as the business grapples with sluggish demand, high costs and intensifying competition. “The difficult economic environment and the ongoing transformation in the automotive industry are presenting us — like other companies — with major challenges. It is important for us to remain

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More than 8,000 job cuts planned by another top German manufacturer ...Middle East

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