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In its pursuit to ameliorate the writing and publishing industry in Botswana, Continental Book Fair Botswana (CBFB) emerges with a vision to redefine the traditional paradigms and elevate the writing experiences for authors as it was launched last week.
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German car parts manufacturer Continental said on Monday it would cut thousands of jobs in its automotive division worldwide as part of a plan to save €400m a year from 2025.
By Ed Frankl and David Sachs Continental could cut thousands of jobs as it restructures its automotive business division in an effort to save hundreds of...
By Ed Frankl Continental said Monday that it could cut thousands of jobs as it restructures its automotive business division in an effort to save hundreds of...
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.
The multinational auto parts manufacturer on Wednesday adjusted its expectations for sales growth in the autos market to 5-7%, from 3-5% previously. However, while it was too soon to set its own outlook, Continental said it shared S&P Global's forecast of just 1-3% growth in light vehicle sales next year.
By Giulia Petroni Continental swung to a profit in the third quarter as it benefited from higher pricing, cost discipline and stabilized supply chains, but...
Continental AG (CTTAY.PK), a German automotive parts maker, on Wednesday recorded a profit for the third-quarter versus loss last year. However, the company posted a decline in revenue.