FRANKFURT, Sept 15 (Reuters) - Robert Bosch expects to cut 10,000 jobs this year and keep 100,000 more staff on short working hours amid an auto industry slump that could last for years, Chief Executive Franz Fehrenbach said.
The world's biggest automotive supplier will post a deep loss this year, with group revenue down around 15 percent to 38 billion euros ($55.61 billion) and vehicle technology revenue down as much as a fifth, he said in remarks prepared for delivery at the Frankfurt Motor Show.
It will employ around 270,000 staff after the cuts.
Fehrenbach said he was seeing "the first signs of a recovery" and that group sales revenue was set to rise in the fourth quarter after a long dry patch. It also makes industrial and household goods.
Still, Bosch was unlikely to to see a quick rebound in its capacity utilisation rates, he added.
"Overall it could take until 2012 until we reach the pre-recession level of 2007 again," he said.
(Reporting by Hendrik Sackmann; Writing by Michael Shields)