(FILES) In this file photo taken on July 12, 2022 the logo of German manufacturer Bosch is pictured on the facade of the semiconductor factory's main building in Dresden, eastern Germany. Germany's Bosch said on November 22, 2024 it planned to cut thousands of jobs in its automotive businesses as car suppliers struggle to manage the difficult transition from combustion engines to electric vehicles. Some 5,500 jobs would be axed worldwide, with the majority in Germany, according to figures provided by the company. (Photo by JENS SCHLUETER / AFP) (Photo by JENS SCHLUETER/AFP via Getty Images)