BERLIN (Reuters) - Continental plans to cut 200 more jobs than initially announced, the FAZ newspaper reported on Wednesday, citing a spokesperson for the German car parts supplier. Around 360 of the
Continental Announces Additional 200 Job Cuts in Wetzlar
BERLIN (Reuters) -Germany German car parts supplier Continental plans to cut 200 more jobs than initially announced, affecting a site in the western city of Wetzlar, it said on Wednesday.
Around 360 of the 430 employees at the Wetzlar plant would not be offered a job transfer to other Continental sites, a spokesperson said on Wednesday, more than the 160 job losses previously announced as a result of the planned Wetzlar closure.
The spokesman added the company was seeking to offer the affected employees early retirement packages and a possible transfer to other manufacturers in the region.
The group has been eyeing more than 7,000 in job cuts under a restructuring plan that it has been working on for over a year.
(Reporting by Rachel More and Ludwig Burger, editing by Madeline Chambers and Thomas Seythal)
