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Continental layoffs: German car parts maker plans thousands of job cuts

German car parts manufacturer Continental will cut thousands of jobs worldwide as part of a plan to save €400 million ($428 million) a year from 2025.

Nikolai setzerManager magazin

Continental plans thousands of job cuts in auto division

German car parts manufacturer Continental said on Monday it will cut thousands of jobs in its automotive division worldwide as part of a plan to save 400 million euros a year from 2025. .

Sachsen anhaltSusan fentonAndrey sychevNikolai setzerMiranda murrayManager magazinSmart mobilityVictoria waldersee editing

Continental plans thousands of job cuts in auto division, Auto News, ET Auto

The exact number of job cuts was not immediately clear, but it will amount to the "mid-four-digit range", the company said. The news comes amid ongoing reports that Continental plans a restructuring and potential sell-offs, with CEO Nikolai Setzer saying in September he was considering a change in ownership of the company s ContiTech division.

Nikolai setzerManager magazinSmart mobilityAr parts manufacturerJob cutsAuto divisionAuto component industryAuto component maker

Continental to cut thousands of jobs in its automotive division

The job cuts are part of a plan to save €400m a year from 2025

Nikolai setzerManager magazinSmart mobilityUsiness live

Chaos At Volkswagen s Cariad Division May Lead To Delays & Job Cuts

Chaos At Volkswagen s Cariad Division May Lead To Delays & Job Cuts
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