Bosch cuts revenue forecast for coming year, layoffs not ruled out

By Yahoo! Finance | Oct 31, 2024 at 12:12 AM EST

German auto parts supplier Robert Bosch's chairman warns of declining revenue and potential job cuts in Germany. The auto industry's gloom deepens, with Volkswagen's profit plunging and workers threatening to strike. Bosch's turnover may fall below 92 billion euros.

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