Robert Bosch, the struggling German industrial giant undertaking a massive overhaul of its workforce, has doubled down on cost-saving efforts by reducing the pay and working hours of thousands more employees in a sign of the plight faced by German companies amid the country’s flatlining economy.
On Friday Bosch said it would cut the working hours of 450 employees from 38–40 hours per week to 35 hours per week, effectively giving employees an unwanted four-day week. In an email to Fortune, the company confirmed it would double down on those plans, expanding the reduced working hours to 10,000 of its workers.
