Bosch in China Restructures, Offering Generous Severance Packages

Bosch, a leading automotive supplier, is undergoing restructuring in China, primarily impacting its fuel-powered vehicle and hydrogen fuel cell projects. The company is offering substantial compensation packages to departing employees, reflecting its commitment to supporting its workforce during this transition.

• •Bosch is restructuring its operations in China, with fuel-powered vehicle projects being the hardest hit.
• •The company is providing generous severance packages, including N+4 compensation.
• •The move is attributed to the decline in traditional fuel vehicle business and increased competition.