Auto supplier Continental to cut jobs in its Contitech division - Continental slashes jobs in Contitech amid cost-cutting overhaul by 2028
Continental has revealed plans to cut jobs in its Contitech division as part of a cost-saving drive. The company announced the move in April, alongside a proposal to spin off the entire unit by 2028. Most of the changes will affect operations in Hanover, with some activities set to move abroad.
The job reductions come after the company reported that expenses remained high while expected cost stock failed to materialise. Philip Nelles, who leads the Contitech business sector, stated that adjusting the cost structure was essential—even without the planned sale of the division.
The planned cuts and relocations form part of Continental’s broader strategy to reduce costco stock by 2028. Discussions with unions will shape the final number of redundancies in Germany. Meanwhile, the future of Contitech’s operations in Hanover remains uncertain as the company pursues its cosco plans.
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