Continental to cut 5,000 jobs as demand falls for combustion engines
Continental to cut 5,000 jobs as demand falls for combustion engines
German auto supplier Continental on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028. The global auto supplier, which employs more than 240,000 staff, has suffered from a global downturn in demand for passenger cars and a shift away from gasoline and diesel toward battery-powered vehicles. Continental said around 520 jobs will be lost w
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German auto supplier Continental on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028. The global auto supplier, which employs more than 240,000 staff, has suffered from a global downturn in demand for passenger cars and a shift away from gasoline and diesel toward battery-powered vehicles. Continental said around 520 jobs will be lost w
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Continental to cut 5,000 jobs as demand falls for combustion engines originally appeared on Autoblog on Wed, 20 Nov 2019 08:50:00 EST. Please see our terms for use of feeds.
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