Bosch to spend €2bn (£1.6bn) to reskill workers in EV tech | Autocar

Bosch to spend €2bn (£1.6bn) in an effort to re-skill workers as industry pushes for EV tech

CLEPA issued a release in December that detailed the potential for up to half a million job losses in “powertrain components production”.

Even if the estimated 226,000 jobs are created as a result of the shift to EV adoption, CLEPA still forecasts that there would be a net loss of 43% in employment. Bosch has, in the past, also added its voice to criticism, with former boss Volkmar Denner urging the EU last year to “urgently rethink” its proposals in an attempt to conserve sector jobs.

Since then, however, Stefan Hartung has told journalists that the manufacturer now “supports these [EU] targets without any ifs and buts”, insisting that Bosch would help make electric cars the majority market sector in Europe. EV sales in Europe are still on the up, outpacing the previously favoured diesel in Western Europe in December 2021. Last year, Germany and France recorded 84% and 46% increases in electric car sales, despite the overall market being down by 1.7% from 2020 and the worst in 36 years.

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