The Business Times
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bosch

Transport & Logistics

Bosch CEO unexpectedly steps down after leading a massive job cut push

As well as job cuts, it wants to reduce material and operating costs, lower investments in facilities and buildings, and streamline logistics and supply chains.
Transport & Logistics

Bosch to cut 13,000 jobs to bring down costs in tough autos market

Bosch management board member Stefan Grosch, who is in charge of human resources, told journalists in a call that the cuts were necessary to ensure Bosch remains competitive, adding the whole industry was suffering.
Transport & Logistics

Up to 10,000 Bosch jobs at risk in Germany, deputy chairman says

Bosch’s works council and the IG Metall union expressed their opposition to the layoffs.
Transport & Logistics

Bosch to axe 5,550 jobs in latest blow to German auto sector

Bosch said that those employees, whose contracts stipulated that they work 38-to-40 hours a week, will work only 35 hours a week starting Mar 1.
Transport & Logistics

German auto supplier Bosch to reduce hours for 450 employees due to tough economy

The move helps Bosch to strengthen its presence in the US and Asia, as well as balance company divisions.
Consumer & Healthcare

Bosch to buy Johnson Control’s air-conditioning assets in US$8 billion deal

A deal for Whirlpool, whose brands include Ariston, Hotpoint, Ignis and Privileg, would rank amongst the biggest disclosed deals for the German industrial group.
International

Bosch weighs offer for appliance maker Whirlpool

Net profit rose to 5.65 billion rupees (S$91.8 million) in the quarter ended March 31 from 3.99 billion rupees a year earlier.
Companies & Markets

India's Bosch posts Q4 profit rise on higher demand

Johnson Controls has been working with its advisers to sell its residential and light commercial businesses, according to the sources.
Companies & Markets

Bosch, Lennox, Samsung vie for Johnson Controls HVAC assets, sources say

CEO Matthias Metz says the cuts will occur in administration and internal services, as opposed to its production sites.
Companies & Markets

Bosch to cut around 6% of jobs at home appliance division

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