Finance
Continental to cut 200 more jobs than initially planned, FAZ reports
Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026
Continental plans to cut 200 additional jobs at its Wetzlar site, affecting 360 employees. The company is offering early retirement and potential transfers as part of a larger restructuring plan.
BERLIN (Reuters) -Germany German car parts supplier Continental plans to cut 200 more jobs than initially announced, affecting a site in the western city of Wetzlar, it said on Wednesday.
Around 360 of the 430 employees at the Wetzlar plant would not be offered a job transfer to other Continental sites, a spokesperson said on Wednesday, more than the 160 job losses previously announced as a result of the planned Wetzlar closure.
The spokesman added the company was seeking to offer the affected employees early retirement packages and a possible transfer to other manufacturers in the region.
The group has been eyeing more than 7,000 in job cuts under a restructuring plan that it has been working on for over a year.
(Reporting by Rachel More and Ludwig Burger, editing by Madeline Chambers and Thomas Seythal)
The main topic is Continental's announcement of additional job cuts at its Wetzlar site, affecting 360 employees.
Continental plans to cut 200 more jobs than initially announced, totaling 360 job losses at the Wetzlar site.
Continental is offering early retirement packages and potential transfers to other manufacturers in the region.
Explore more articles in the Finance category
