this post was submitted on 13 Nov 2023
6 points (100.0% liked)

Automotive Industry

360 readers
1 users here now

News and discussion about the automotive industry.

founded 1 year ago
MODERATORS
[email protected]
6
Continental to cut thousands of jobs at auto unit (europe.autonews.com)
submitted 11 months ago by [email protected] to c/[email protected]
1 comments fedilink hide all child comments
 

The reductions are part of a plan to reduce annual costs by 400 million euros ($428 million), the company said. The exact number of job cuts is not yet decided but is expected to be in the "mid four-digit range," Continental said in a statement on Monday.

Manager Magazin reported earlier that the company plans to eliminate 5,500 jobs โ€” 1,000 of them in Germany

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 1 points 11 months ago

I guess the hype about electric vehicles and autonomous cars is over. Automotive Industry is going back to normal.