HR and CSR issues

Youth unemployment in Europe Bosch takes on 100 additional trainees in Germany and Southern Europe

  • 50 additional places on vocational training courses in Germany, 20 in Italy, and 15 each in Portugal and Spain
  • Bosch earmarks 7.5 million euros over four years
  • Bosch CEO Denner: “Joint task for politicians, businesses, and society.”
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  • November 11, 2013
  • HR and CSR issues
  • Press releases

press release

Stuttgart – Bosch is offering an additional 100 places on its technical vocational training schemes in Germany, Italy, Portugal, and Spain to young people from Southern Europe. The initiative, which will take effect from the 2014 training year, is a response to high rates of youth unemployment in Southern Europe. The 50 new training places in Germany will be filled by applicants from Spain, while an additional 50 young people outside Germany will follow the program at Bosch locations in Italy, Portugal, and Spain. The technology and services company has set aside some 7.5 million euros in funding for the initiative over the next four years. The decision on whether to continue the initiative in future years will depend on the success of the initial program and ongoing developments in Southern European job markets. Some six million young people are unemployed across Europe – and the jobless rate among young people in some Southern European countries currently stands at more than 50 percent.

Youth unemployment – shared responsibility
“Combating youth unemployment in Europe is a joint task for politicians, businesses, and society. All of us share responsibility for this, including Bosch. We want to play our part,” says Dr. Volkmar Denner, Chairman of the Board of Management at Robert Bosch GmbH. Youth unemployment not only has a negative impact on the economy; it also undermines political structures. Experts have long highlighted the risk of young people turning their backs on basic democratic principles if they feel they have no prospects.
Christoph Kübel, Member of the Board of Management and Director of Industrial Relations at Bosch, also emphasizes the importance of people getting their working life off to a good start: “These early stages really set the course of people’s subsequent careers. Good training gives young people the chance to determine their own path.”

Training in Germany with intercultural support
The young people eligible for the scheme will be recruited by the Bosch regional companies. Since training capacities at Bosch locations outside Germany are limited, 50 young people from Spain will be trained at German locations. The successful applicants will also get an opportunity to take a language course in Spain as part of the preparations for starting their training in Germany at the end of summer 2014. This will be followed by a three month internship at Bosch in Germany. The young people will receive intercultural training and assistance throughout their stay in Germany thanks to a joint initiative between Bosch and the vocational training company BBQ, a subsidiary of the Education Institute of Baden-Württemberg Industry and Commerce (Bildungswerk der Baden-Württembergischen Wirtschaft e.V.).

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The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com and www.bosch-press.com, http://twitter.com/BoschPresse.

PI8376 - November 11, 2013

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