Brief: Continental Says Contitech To Reduce Around 3,000 Jobs Worldwide

Continental AG

07/05/2026 14:17

May 7 (Reuters) - CONTINENTAL AG CONG.DE:

CONTITECH: AGREEMENT REACHED WITH EMPLOYEE REPRESENTATIVES ON A RECONCILIATION OF INTERESTS, A REDUNDANCY PLAN AND A VISION STATEMENT

A SOCIALLY RESPONSIBLE REDUCTION OF AROUND 3,000 JOBS WORLDWIDE, INCLUDING AROUND 1,600 IN GERMANY

TARGET: SAVINGS OF EUR 150 MILLION PER YEAR FROM 2028

RELOCATION OF OPERATIONS TO LOCATIONS WITH MORE COMPETITIVE COST STRUCTURES

Further company coverage: CONG.DE

 (Gdansk Newsroom)

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