Boiler maker Worcester Bosch considering job losses

Published On Sep 13, 2024, 7:05 AM

Worcester Bosch, a UK-based leading boiler manufacturer, is looking to reduce its workforce due to financial challenges, including declining sales, rising living costs, and shifts towards electrification. The company is initiating a reorganization and consultation period that may result in job losses among its roughly 1,700 employees. Despite reporting profits in previous years, market conditions have deteriorated, prompting these measures to adapt to the changing environment.