Business · Companies · 12 hrs ago
Bosch plans major restructuring to give new subsidiaries more independence
Bosch plans to reorganize its German operations and complete the changes by the end of 2027.
The mobility division, internal services, IT and property operations are to become separate companies within the Bosch group.
About 62,500 employees are expected to move to these new subsidiaries.
Bosch chief Christian Fischer says they will have more independence, with the aim of making decisions faster as markets change.
The company wants to strengthen the group’s profits so it can continue funding major technology advances itself.
Bosch also plans to cut 750 jobs in its mobility division at its Abstatt site.
Bosch plans to reorganize its German corporate structure, with the changes due to be completed by the end of 2027.
The mobility division, central internal services, IT and real estate operations are to become separate companies.
About 62,500 employees are expected to move to the new subsidiaries.
Bosch chief executive Christian Fischer says the subsidiaries will have greater organizational and legal independence.
Fischer says the changes are intended to help Bosch move faster and strengthen the group’s profitability.
- Who
- Bosch plans the restructuring; chief executive Christian Fischer has explained its aims.
- What
- The company plans to move several business areas into separate subsidiaries with greater independence.
- When
- The changes are due to be completed by the end of 2027.
- Where
- The restructuring concerns Bosch’s corporate structure in Germany.
- Why
- Fischer says it should help Bosch act faster and sustainably increase the group’s profitability.
This story does not have two clearly opposing sides.
Bosch announced a restructuring of its corporate structure in Germany.
Bosch plans to complete the restructuring.
- Employees
- About 62,500 expected to move to the new subsidiaries
- Areas to be separated
- Mobility, central internal services, IT and real estate
- Completion target
- End of 2027
- Abstatt job cuts
- 750 additional positions in the mobility division at the site are to be cut
What people are saying
We must break free from the constraints we have imposed on ourselves over the years
It cannot be that lengthy coordination processes within our own company hold us back while the market changes at a rapid pace