Germany’s Industry Crisis Deepens as Bosch Cuts 13,000 Workers

Robert Bosch GmbH’s plan to slash 13,000 additional jobs shows how the German auto industry’s decline is rippling through Europe’s biggest economy.

Carmakers and their suppliers are struggling with waning demand, rising labor and energy costs and intensifying competition from fast-moving Chinese manufacturers. They’ve poured billions of euros into battery technology only to find out that the shift to electric vehicles will be slower than expected.

The pressures are forcing manufacturers to make painful cutbacks. Bosch’s peers Continental AG, Schaeffler AG and ZF Friedrichshafen AG are also slashing jobs and expenses, while Volkswagen AG, Porsche AG and ...