German technology and engineering firm Bosch has decided to close its two research offices in Israel, ending operations that began in 2018, Anadolu reports. The move marks the first closure of a Bosch facility abroad since the COVID-19 pandemic and the first known withdrawal by a major German company from Israel’s research ecosystem, according to a recent report by German business daily Handelsblatt. The decision was not announced through an official company statement and comes as Bosch plans to cut 20,000 jobs in Germany. Matthias Jekosch, a corporate communications official at Bosch, told Anadolu that the decision was made in December and employees were informed in January. Jekosch said the closure was driven by economic considerations, noting that artificial intelligence (AI) expertise […]

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