STUTTGART, Germany (AP) -- Auto parts supplier Robert Bosch GmbH said Monday it plans to reduce working hours for some workers at a German plant later this week as the car industry cuts costs and braces for economic recession.
Some 3,500 workers at the Bamberg plant will start working reduced hours on Friday, with the measure set to last six months, spokesman Andreas Kempf said. The workers affected produce diesel engine components.
Bosch's move comes as the global financial crisis weighs heavily on the auto industry. In recent weeks, automakers such as BMW AG, Daimler AG and General Motors Corp. subsidiary Adam Opel AG, among other automakers in Europe, have announced production cuts.