German car parts giant Continental to cut 5,500 jobs - News Summed Up

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German car parts giant Continental to cut 5,500 jobs


Of the total, thousands of jobs are under threat in Germany. Around 520 jobs will be axed when Continental shuts its site in Roding, Bavaria. Meanwhile, in Limbach-Oberfrohna, Saxony, another 750 jobs are under threat after manufacturing of diesel injection components ends in 2028. In Pisa, Italy, 750 jobs are under threat because production of petrol engine components will cease by 2028, Continental said. As The Local reported, Continental is undergoing a massive restructuring and by 2029, a total of 8,000 jobs will be affected in Germany.


Source: The Local November 20, 2019 14:03 UTC



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