Auto supplier Continental plans to shutter one plant in Germany, as the company has fallen short of financial targets, despite earlier cutbacks.
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German automotive supplier Continental announced plans to cut 3,000 jobs more worldwide by the end of 2026. The move, which follows a previous round of 7,150 job cuts announced last year, comes as the industry grapples with weakening demand and structural shifts toward electrification. According to the company’s statement, nearly half of the affected positions will be in Germany. Continue reading at newmobility.news.
Auto supplier Continental plans to shutter one plant in Germany, as the company has fallen short of financial targets, despite earlier cutbacks.
Auto supplier Continental plans to shutter one plant in Germany, as the company has fallen short of financial targets, despite earlier cutbacks.
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