Continental reaches labour agreement on 1,600 job cuts in Germany

Continental AG

07/05/2026 14:34

BERLIN, May 7 (Reuters) - The rubber and plastics division of Continental CONG.DE has reached an agreement with labour representatives in Germany on a cost-saving programme involving around 1,600 job cuts, the company said on Thursday.

Following the agreement, Continental will launch a voluntary programme offering eligible employees at the ContiTech business the option to leave under agreed conditions, starting from Friday, a statement said.

Continental had previously announced plans to save 150 million euros ($177 million) annually from 2028 at ContiTech, which it aims to sell this year to focus solely on its core tyres business.

($1 = 0.8495 euros)

(Reporting by Rachel More
Editing by Ludwig Burger)

((rachel.more@thomsonreuters.com;))