Bosch slashes 22,000 German automotive jobs, boosts semiconductor investment and Portugal plant spending

Bosch announced it will cut up to 22,000 positions in its German automotive component division, marking the company’s first net loss since 2009 with a €400 million deficit and €2.7 billion in restructuring provisions. The cuts target sites such as Feuerbach and Reutlingen, where the firm is simultaneously shifting production toward power semiconductors and MEMS sensors, expanding clean‑room capacity and participating in a joint venture with TSMC, Infineon and NXP in Dresden.

In parallel, Bosch pledged at least €85 million to expand operations in Portugal, focusing on three locations: Braga for mobility electronics and automotive radar production, Aveiro for heat‑pump development, and Lisbon for global service‑solutions activities. The Portuguese investment aims to reinforce Europe’s advanced‑manufacturing and clean‑energy capabilities.

Both moves reflect Bosch’s strategic pivot from declining automotive components toward high‑growth semiconductor and sustainable‑technology markets under the broader European Chips Act framework.