Bosch Announces Job Cuts Amidst Industry Shifts
ECONOMY & POLICY

Bosch Announces Job Cuts Amidst Industry Shifts

In response to evolving industry dynamics, automotive supplier Bosch has announced a significant workforce reduction, eliminating 1500 jobs in Germany. This strategic move reflects the company's efforts to adapt to shifting market demands and technological advancements in the automotive sector. The decision comes amidst a broader transformation within the automotive industry, driven by factors such as electrification, digitalization, and changing consumer preferences.

In response to evolving industry dynamics, automotive supplier Bosch has announced a significant workforce reduction, eliminating 1500 jobs in Germany. This strategic move reflects the company's efforts to adapt to shifting market demands and technological advancements in the automotive sector. The decision comes amidst a broader transformation within the automotive industry, driven by factors such as electrification, digitalization, and changing consumer preferences.

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ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat’s efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

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