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
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)
