BERLIN (Reuters) – German automobile components provider Robert Bosch will certainly minimize the hours, and subsequently the pay, of 450 staff members in Germany from following springtime, mentioning the tough financial circumstance, a business representative stated on Thursday.
Those staff members, whose agreements stated that they function 38-40 hours a week, will certainly function just 35 hours a week beginning March 1, the representative stated.
Several areas are influenced, largely in Stuttgart and Gerlingen, stated the representative.
The chairman of Bosch, Stefan Hartung, in October informed Der Tagesspiegel paper that he can not eliminate even more work cuts in Germany along with the 7,000 it has actually currently introduced.
The decreased hours come as a grief has actually besieged the automobile market that underpins Europe’s biggest economic climate.
In an indication of the difficulties, Europe’s biggest carmaker, Volkswagen, is requiring a 10% pay cut to reduce expenses and increase earnings to protect market share in the face of economical competitors from China and a decrease in European cars and truck need.
(Reporting by Miranda Murray; Editing by Madeline Chambers)
