Germany's Bosch will reduce its automotive workforce by 5,500 jobs due to stagnant global sales, excess production capacity, and delays in electric vehicle transition. This announcement follows similar job cuts from Ford and concerns among Volkswagen workers over factory closures. The cuts indicate broader issues in the European auto market, compounded by inflation and reduced government incentives for electric vehicles. The planned reductions are still under review, emphasizing a responsible approach toward impacted employees.