In this case, this is not the case. Bosch is a well known conglomerate in Europe and even during hard times, they really pay attention, respect and support their employees. They even do that outside of Germany, they recently closed car component production lines in France because it was losing money but they paid to get the factory refitted to now produce solar panels. They kept their employees and got them training to do the new job. It would have been cheaper to just close the plan fully and increase production in Spain or Germany factories.
This is because several of those huge German conglomerates are privately, often family-owned, with very little or no accountability to the stock market. They can afford to think long term.
It's also because mostly germans value quality over quantity.
They don't demand very high margins. They demand very high quality which ultimately brings high margins. Mostly their targets are about quality, not throughput.
