Bosch to Cut Hundreds of Jobs at Power Tools Division

Layoffs announced Extensive job cuts loom at Bosch

2024-02-06 Quelle: dpa 2 min Reading Time

Related Vendors

Jongen Werkzeugtechnik GmbH

Renishaw plc

DIPROFIL Diamantprodukter AB

The technology group Bosch plans to cut hundreds of jobs at the headquarters of its Power Tools division, as reported by dpa.

A wave of layoffs is now also threatening employees at Bosch Power Tools in Leinfelden-Echterdingen. According to the company, around a quarter of the 2,000 jobs there are in jeopardy. In the automotive supply sector, thousands of jobs are even under threat.(Source: dpa) — A wave of layoffs is now also threatening employees at Bosch Power Tools in Leinfelden-Echterdingen. According to the company, around a quarter of the 2,000 jobs there are in jeopardy. In the automotive supply sector, thousands of jobs are even under threat.
(Source: dpa)

A Bosch representative told Deutsche Presse-Agentur that the company currently expects up to 560 jobs to be cut by the end of 2026. The plans will affect more than a quarter of the approximately 2,000 employees at the Leinfelden-Echterdingen site in Baden-Württemberg, Germany. The company cited changes in market and customer requirements as one of the reasons. The exceptional economic situation during the coronavirus pandemic had largely saturated demand. Furthermore, high inflation and the generally tense economic situation have had a lasting negative impact on the consumer climate. According to Bosch, the company also intends to invest in expanding its portfolio of cordless power tools and plans to expand its North American business.

Bosch job cuts to be as gradual as possible

In order to ensure its long-term competitiveness, the company must also streamline its personnel costs in the central, development and administrative areas in addition to the measures already underway (such as reducing material costs). Individual processes are also to be relocated to less expensive locations abroad. According to divisional CEO Thomas Donato, the move is necessary in order to secure and expand the company's position in a highly competitive global market. The job cuts will reportedly be organised in as socially responsible a manner as possible. As examples, the Bosch spokesperson mentioned partial retirement and early retirement offers as well as severance agreements. Placement at other Bosch Group locations is also being considered, the spokesperson added. Talks on the plans have already begun with employee representatives.

Bosch automotive supplier division will lose significantly more staff

Bosch Power Tools manufactures power tools, garden tools, measuring technology and related accessories, among other things. Along with household appliances, the division forms the Consumer Goods division, which in 2022 accounted for around 25 per cent of Bosch's total turnover of just over 88 billion euros. Similar plans for the much larger automotive supplier division have been announced several times in recent weeks. Bosch is currently planning to cut up to 3,200 jobs there - including in the powertrain division and in areas responsible for vehicle computers, control units and the corresponding software.

(ID:49896533)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.