Overview
- Bosch and the Waiblingen works council have signed a social plan and reconciliation of interests that formalize the closure path.
- Production of automotive connection-technology parts at the site will be phased out and stop by 2028, affecting about 560 employees.
- Roughly 220 employees will be offered transfers to other Bosch locations, with the rest covered by partial retirement, early retirement and voluntary severance to minimize compulsory layoffs.
- Bosch cites noncompetitive costs and a near-halving of European revenue for connection-technology products over the past eight years, with further declines anticipated.
- Supply of the former Waiblingen products will shift to plants in China and Thailand, while other subsidiaries at the Waiblingen site are not affected.