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    Home > Finance > Continental plans up to 1,500 additional job cuts, source says
    Finance

    Continental plans up to 1,500 additional job cuts, source says

    Published by Global Banking & Finance Review®

    Posted on November 24, 2025

    1 min read

    Last updated: January 20, 2026

    Continental plans up to 1,500 additional job cuts, source says - Finance news and analysis from Global Banking & Finance Review
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    Tags:job creationcorporate strategyfinancial management

    Quick Summary

    Continental plans 1,500 job cuts at ContiTech to save €150 million annually by 2028, focusing on its core tyre business.

    Continental to Cut 1,500 Jobs in ContiTech Division

    BERLIN (Reuters) -Germany's Continental plans up to 1,500 additional job cuts at its ContiTech rubber and plastics division, a works council source said on Monday.

    The company had previously announced plans to save 150 million euros ($173.16 million) annually from 2028 at ContiTech, which it plans to sell next year under a far-reaching overhaul to focus the group solely on its core tyres business.

    "Previous measures are no longer sufficient," the company said of the planned cost-saving measures.

    ($1 = 0.8663 euros)

    (Reporting by Christina Amann and Rachel More, Editing by Miranda Murray and Thomas Seythal)

    Key Takeaways

    • •Continental plans up to 1,500 job cuts at ContiTech.
    • •The company aims to save €150 million annually by 2028.
    • •ContiTech is set to be sold next year.
    • •The focus will shift to Continental's core tyre business.
    • •Previous cost-saving measures were deemed insufficient.

    Frequently Asked Questions about Continental plans up to 1,500 additional job cuts, source says

    1What is corporate strategy?

    Corporate strategy is a comprehensive plan that outlines how a company will achieve its goals and objectives, including decisions on resource allocation, market positioning, and competitive advantage.

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