Bosch Making Job Cuts

Saturday, May 16th, 2009

Much of the attention for the last couple of days was on the impending cut on dealerships by Chrysler and General Motors. Now it is time for the auto suppliers and support companies to feel the crunch. And one of the companies that have announced their cost-cutting measures is a familiar brand in Bosch, maker of Chassis Systems.

The whole car industry debacle is following a domino effect. The fall of the top tile means that others relying on it will follow. And Bosch is a big supplier that can certainly tilt the whole automotive scenario for the worse as it announces job cuts of about 50 workers.

The eliminated positions are in the company’s facilities at Bosch Chassis Systems and Full Brake in South Bend and Automotive Proving Grounds in New Carlisle. The cuts are expected to be effective today.

Though declared to be only 20% in the reduction of employees, don’t expect it to be the last. Unless the economy picks up, expect more drastic measures by companies like Bosch to be applied.

(Source) Fox 28

Tags: Auto Suppliers, bosch, car industry, chassis, chassis systems, Chrysler, couple of days, crunch, debacle, domino effect, drastic measures, economy, General Motors, job cuts, new carlisle, proving grounds, south bend, tile

Posted in Business, Cars, Industry | 0 Comments