Continental confirmed it would slash some 5,500 jobs by 2028 as the German car parts giant seeks savings of €500 million annually.

Of the total, thousands of jobs are under threat in Germany.

The action comes amid a stuttering global car market and a weaker demand for combustion engines.

The jobs cull affecting …read more

Source:: https://www.thelocal.de/20191120/german-car-parts-giant-continental-confirms-it-will-slash-5500-jobs