Farmington Hills, Michigan-based Bosch, a manufacturer of automotive systems, has announced that it will lay off 430 workers at its Bosch Charleston Plant in South Carolina. The layoffs will be staged starting mid-2020 and go through 2021.
The plant manufacturers powertrain and chassis control components and plans to eliminate production of diesel powertrain components as it explores the new technology of electric powertrains. The decision was driven by a cyclical downturn in automotive manufacturing and the need to adapt to new technologies being embraced by the company’s customers.
A company spokesperson noted, “In 2020, Bosch estimates global automotive production volume will be reduced by 10% compared to 2017, down some 88.9 million vehicles. Therefore, the automotive industry has to take structural adjustments, and so does Bosch.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?