(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)

(FILES) In this file photo taken on March 20, 2024 employees of German technology company Bosch protest against the company's plans to cut thousands of jobs at the company's headquarters in Gerlingen near Stuttgart, southern 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 THOMAS KIENZLE / AFP) (Photo by THOMAS KIENZLE/AFP via Getty Images)

(FILES) In this file photo taken on April 18, 2024 the logo of German technology company Bosch is pictured at the company's research center in Renningen, southern Germany, prior to the annual press conference. 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 THOMAS KIENZLE / AFP) (Photo by THOMAS KIENZLE/AFP via Getty Images)

(FILES) In this file photo taken on March 20, 2024 participants hold up placards with letters reading 'Jobkiller' as employees of German technology company Bosch protest against the company's plans to cut thousands of jobs at the company's headquarters in Gerlingen near Stuttgart, southwestern 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 THOMAS KIENZLE / AFP) (Photo by THOMAS KIENZLE/AFP via Getty Images)

Cars of US car giant Ford are parked at a carseller in Gelsenkirchen, western Germany, on November 22, 2024. Ford on November 20, 2024 announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)

An autumn leave lies on the logo of a car of US car giant Ford is pictured at a carseller in Gelsenkirchen, western Germany, on November 22, 2024. Ford on November 20, 2024 announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)

A logo of US car giant Ford is pictured at a carseller in Gelsenkirchen, western Germany, on November 22, 2024. Ford on November 20, 2024 announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)

A logo of US car giant Ford is pictured at a carseller in Gelsenkirchen, western Germany, on November 22, 2024. Ford on November 20, 2024 announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)