Global Analysis from the European Perspective. Preparing for the world of tomorrow

Germany’s Continental announces 5,040 layoffs in sweeping overhaul

German auto supplier Continental <CONG.DE> on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028. Continental said around 520 jobs will be lost when a site in Roding, Germany – which makes hydraulic components for petrol and diesel engines – is closed down in 2024. Source EuroNews

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