62,500 employees affected: Bosch faces radical restructuring
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Bosch is fundamentally reorganizing its corporate structure in Germany. The automotive and technology group is converting its mobility division and three other units into independent subsidiaries. The goal is to become faster, more innovative, and more profitable in competition - for example with Chinese manufacturers and in electromobility. The foundation-owned group expects major advantages, particularly for the mobility sector. As an independent company, Bosch Mobility will be able to react faster to market changes in the future, according to management. 62,500 employees are set to move into the new GmbHs, and their existing employment contracts will be transferred there, Bosch stated. Those affected are the mobility division and the central service units "Bosch Digital", "Global Business Services", and "Global Real Estate". In the future, Robert Bosch GmbH will primarily comprise the corporate headquarters and corporate research. Robert Bosch GmbH will become the strategic umbrella company in the future. It sets strategic guidelines [...]. What it will do less of: get involved in day-to-day operations. Bosch emphasizes that even after the restructuring, all units will remain an integral part of the Bosch Group. Operationally, the new companies will start their work on August 1st of next year. Parallel to the restructuring, Bosch is under massive pressure. The group has...
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