German auto parts supplier Continental announced a major cut in its workforce on Tuesday, including a plant shuttering.
Continental said the recession in Germany’s motor vehicle industry was the cause of measures to cut its cost.
What did the continent say about the trimming?
Some 3,000 research and development jobs in the Continental Automotive Division will be dropped by the end of 2026, killing more than half of the cut plants in Germany.
The company wants to discontinue the Nurnberg facility, while the Hayes of German states and other plants in Bavaria want to be affected.
A spokesman for the company said that the company would lack financial goals, despite the earlier cutback of Continental, due to the challenging market situation.
“Forward-loving technology Prasad is important for our company,” Philip Von Hirshehedt said in a press release, the top executive of the Continental for the automotive division.
Hirschheydt stated that the firm “will continue to invest adequate in research and development”, even “improves competitive strength in the interests of our permanent market success”.
Continental announced a round of cuts a year ago as part of the cost efforts, which ended 7.150 jobs in its automotive division.
‘Not a permanent future’
The company said that it is planning to be socially responsible with pruning as possible, not to retire or leave employees with most cuts.
Employees and trade union representatives will now interact with the firm on the details.
But the worker representative has criticized the movie rapidly.
“We are deeply concerned that deep cuts in motor vehicle research and development will increase in a comprehensive reorganization,” said in a statement Michael Igla, the head of the General Works Council of Continental.
“Job reduction and cost reduction at any cost” is not a permanent strategy for the future, hey, saying that “deliberate bleeding of German places” weakens the overall automotive division in the company, which this year continental intentions this year From.
The company’s shelleders still need to approve that plan in the upcoming general meeting of Continental.
edited by: Sam duson Grace
