German auto parts supplier Bosch to cut up to 1,500 jobs ...Middle East

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German auto parts supplier Bosch to cut up to 1,500 jobs
KARLSRUHE, Germany: German automotive supplier Bosch is considering major job cuts in its powertrain division, reported dpa news.The company is considering cuts of up to 1,500 development, administration and sales positions in the division, a Bosch spokeswoman announced on Monday. The announcement follows a report on the potential cuts from the Automobilwoche magazine.The shift of the automotive industry away from combustion engines and toward electric vehicles was cited as the reason for the job cuts. The spokeswoman said that the shift will have a major impact on the entire sector in the medium term.The transition to electric vehicles requires a high level of upfront investment and is acco

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