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A car wheel with a badge showing the logo of German tyre company Continental, pictured before the company’s annual news conference in Hanover, Germany, March 7, 2019. REUTERS/Fabian Bimmer/File Photo Acquire Licensing Rights
BERLIN, Nov 13 (Reuters) – German car parts manufacturer Continental (CONG.DE) on Monday said it will cut jobs in its automotive division as part of a plan to save 400 million euros ($427.96 million) per year from 2025.
The number of staff reductions was not immediately clear, but it will amount to the “mid-four-digit range,” the company added.
($1 = 0.9347 euros)
Reporting by Andrey Sychev
Editing by Miranda Murray
Our Standards: The Thomson Reuters Trust Principles.
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