German engineering firm and auto supplier Bosch plans to cut hundreds of jobs in its Bosch Power Tools division. “The company expects a need to cut up to 560 jobs … by the end of 2026,” a Bosch spokeswoman told dpa on Wednesday. The plans affect more than a quarter of the approximately 2,000 employees at the Bosch plant in Leinfelden-Echterdingen, in south-western Germany. Around 3,100 people work in the power tools division in Germany. Bosch cited changing market and customer requirements as one reason behind the planned job cuts. A boom during the coronavirus pandemic had largely satisfied…