Bosch has decided to close its production site in Ukraine, following the Russian invasion. The war convinced Bosch, as many other companies have done for their plants, to secure its employees (at least 360) and its facilities to Krakovets, in the western part of the country. There they repair starters to be put back on the second-hand market. The situation is critical for the brand, which is also present in Russia.
The Bosch Group, through its offices in Hungary, will send necessary equipment and materials to humanitarian organizations to support people arriving from Ukraine in Hungary, according to Automotive News. “In this context, we have stopped some of our deliveries to Russia and are not currently accepting new orders at our factories“, Reads a note. The factories in Russia are working on the basis of existing orders: “Our greatest efforts are directed towards the well-being of our local employees and their families. We also want to support the people in the region who are now experiencing personal suffering“. The company employs around 3,500 people in Russia and generated sales of 1.2 billion euros in 2021, according to preliminary data.
Bosch generated sales of around 170 million euros in Ukraine in 2021. The company has already paid the salaries of March and is trying to stay close to the employees also with psychological support, providing facilities and help to host refugees. There is a lot of confusion, for obvious reasons, but for Bosch the problem of the war in Ukraine is only the last piece of a period of enormous uncertainty regarding production. In fact, the shortage of semiconductors and the electrical transition had already upset the company’s recent plans, though on paper favored by the advent of the electric and the greater preponderance of technology in cars, given the long experience in the sector.
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