Belt tightening at Bosch
Published: 22 May, 2009
LONDON: The Bosch group has announced that it is predicting losses for the first time since WWII. While there is some decline in the consumer and building division, it the automotive division that is suffering by far the most.
Carl Arntzen, director of Bosch Thermotechnology at Worcester commented that: “We are limiting our costs to what is absolutely necessary while at the same time safeguarding our chances for the future.”
Hard choices are being made across the group to see all divisions through the recession, but Bosch Thermotechnology at Worcester is nevertheless maintaining its market presence and increasing its market share.