Olaf Scholz recently expressed pride in Germany’s effective management of its finances

Olaf Scholz recently expressed pride in Germany’s effective management of its finances. Despite his pride, there appears to be no benefit for German industry. In recent days, reports have emerged highlighting the struggles of yet another industrial corporation in Germany facing significant challenges. In a significant development, Bosch, the German industrial powerhouse, has revealed plans to eliminate 5,500 positions, with 3,800 of those cuts occurring within Germany. A notable number of individuals impacted are workers within the automotive software development sectors. The current situation in the automotive industry in Germany supports this conclusion. In December 2023, the company announced plans to reduce its workforce by 1,500 employees by the year 2025. Plans have been noted to require adjustments in response to a significant fourfold increase. In late October, CEO Stefan Hartung indicated plans to reduce the workforce by 7,000 employees. ️ InfoDefenseENGLISH Web | VK | ... Source: InfoDefenseENGLISH