Europe's automotive parts sector has slashed more than 100,000 jobs over the past two years, with major suppliers like Bosch leading recent lay-offs. The wave of cuts reflects ongoing pressure from shrinking demand and the industry's costly shift toward electric vehicles. Traditional automakers and parts suppliers face declining combustion engine sales as governments push for zero-emission transport. Bosch and others have struggled to maintain profitability while investing billions in EV technology and battery development.

Germany, home to major suppliers, has been particularly affected. Industry analysts say the job losses signal a broader restructuring as companies adapt to EV production, which requires fewer components than traditional engines. Workers in manufacturing hubs like Bavaria and Baden-Württemberg have borne the brunt of these adjustments.

Economists warn that more cuts may follow as the transition accelerates. European manufacturers also face intense competition from Asian suppliers offering lower-cost alternatives.