German car supplying giant Robert Bosch has become the latest company in the country to feel the strain of Germany’s waning economy, announcing hundreds of its workers will cut their hours to the equivalent of a four-day week.
The €92 billion industrial conglomerate Bosch said 450 of its employees would reduce their hours and, accordingly, their pay starting next spring, a company spokesperson told Fortune. Employees affected will drop their hours from between 38 and 40 hours a week to 35 hours starting March 1.
