Bosch, one of the EU’s largest employers, is committed to a €2bn (£1.6bn) investment in its European operations, seeking to retrain some of its 400,000 staff as the shift to electrification gathers pace, according to reports in the FT.
The parts supply giant has already spent €1bn in the last five years on programmes reskilling its legacy technology employees and is now committing to a similar amount over the next half decade.
It comes as Europe’s car industry continues to raise concerns about the continent’s plans for a shift to electrification.
CLEPA (the European Association of Automotive Suppliers) issued a release in December that detailed the potential for up to half a million job losses in “powertrain components production”.
