Continental to slash 3,000 jobs more amid industry downturn

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Layoffs in the automotive sector have been frequent, with the instability of the industry being reflected in this way as well. Now, the announcement has been made by the Continental car unit, which plans to cut 3000 jobs from...

Radio France Internationale

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The German automotive supplier Continental announced on Tuesday 18 February the abolition of 3,000 more jobs worldwide by the end of 2026, in a context of lasting weakening of the automotive sector.

Zeit Online

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The automotive supplier Continental wants to reduce another 3,000 jobs by the end of 2026. Almost half of them in Germany. The Nuremberg site is to be closed.

Sueddeutsche Zeitung

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The supplier is increasing its savings rate. In order to prepare the weak car supply division for an IPO, additional jobs are to be eliminated – especially in the area of development and research. About half of the affected jobs are in Germany.

evertiq.com

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Continental to cut 3,000 R&D jobs to boost competitiveness

Continental has announced plans to reduce its global research and development (R&D) workforce by approximately 3,000 positions by the end of 2026. The decision is part of a broader strategy to enhance competitiveness in a challenging automotive market and optimise the company’s global R&D network.

vz.lt

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Germany's Continental AG, one of the world's leading tyre and automotive component manufacturers, which also operates in Lithuania, will eliminate 3,000 jobs worldwide by the end of 2026. The auto industry division will be separated and under a new name prepared for a planned IPO later this year.