Bosch likely to slash a few thousand jobs in India in next four years
Posted On : Thursday, January 2, 2020, 7:45 PM
After giving a hint of manpower adjustments in the wake of a major decline in its first quarter profit last year due to slowdown in the auto industry, German auto component major Bosch may lay off hundreds of workers in India in the next few years. Bosch's India unit is expected to slash “a couple of thousand" jobs in the next four years, said a report. The company may retrench about 10 percent of its 3,700-strong workforce in the administrative and management segments while it could be a little more than 10 percent of the 6,300 workers in the manufacturing level, Bosch India Managing Director Soumitra Bhattacharya was quoted as saying in the report.