Continental to Cut 5,000 Jobs by 2028
Continental AG says it will cut 5,000 jobs by 2028 in areas related to the production of engine components and analog electronics.
Conti says most of the reductions are being driven by emission regulations and the auto industry’s sudden shift from piston engines to electrified powertrains. The company also says its displays and controller operations are being impacted by an industrywide move from analog to digital technologies.
Some 1,200 jobs will be cut in 2024 when Conti shuts down two factories in 2024—one in Roding, Germany and one in Newport News, Va.—that make high-pressure hydraulic pumps and fuel injectors, respectively.
About 2,200 jobs will be cut at the end of 2025 in Babenhausen, Germany, when the company phases out production of displays and control technologies and relocates r&d activities there. Only the business’ management and administrative staffs will remain.
Conti says another 1,600 jobs will disappear in 2028 when the company stops making diesel injectors in Limbach-Oberfrohna, Germany, and gasoline injectors at a facility in Pisa, Italy.
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