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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 companys ContiTech division.
Nikolai Setzer Manager Magazin Smart Mobility Ar Parts Manufacturer Job Cuts Auto Division

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