Continental to cut 450 jobs in Germany by 2023


January 19, Fineko/abc.az. Continental AG has started staff reductions.

ABC.AZ reports that Germany’s tire giant producer will cut 450 jobs in its Babenhausen factory in Western Germany by 2023 after it struck an agreement with trade union IG Metall.

The job cuts are part of Continental's plans to cut around 30,000 jobs, 13,000 of which are planned in Germany, as a result of widespread difficulties in the industry.

By Elmir Murad