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International Business Times
International Business Times
Business

Germany's Bosch To Cut 13,000 Jobs In Blow To Auto Sector

Bosch Germany Europe
Bosch says it needs to cut staff in Germany, as demand is growing more strongly in other markets (Credit: AFP)

German industrial giant Bosch said Thursday it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country's ailing car sector.

The auto industry in Europe's biggest economy has been hammered by fierce competition in key market China, weak demand and a slower than expected shift to electric vehicles.

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