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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 and 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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