German auto parts giant to slash thousands of jobs

Eesti Rahvusringhääling

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The export-oriented German economy is in serious trouble, and Continental, which produces tires and other auto parts, announced that it will close a factory in the country and lose several thousand jobs.

Deutsche Welle

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German auto parts giant to slash thousands of jobs

Auto supplier Continental plans to shutter one plant in Germany, as the company has fallen short of financial targets, despite earlier cutbacks.

Tagesschau

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In the face of the crisis in the car industry, Continental wants to reduce further jobs in development. It is already the second wave of job cuts before the car supply division is to go on the stock market.

Welt

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The supplier Continental sets up the Rotstift and cuts a further 3000 jobs. Jobs in Hesse and Bavaria are affected above all, a location is completely closed. And the company Otto is planning terminations as well.

n-tv.de

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By the end of 2026, the supplier Continental intends to remove another 3,000 jobs in its automotive division. Almost half of these will be lost in Germany, especially in Hesse and Bavaria. The Nuremberg site is expected to close completely.

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The German Continental car will abolish 3,000 R & D jobs to be competitive. Read more Continental announces job cuts in its R & D area in News.es.