(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)