Continental plans thousands of job cuts in auto division, Auto News, ET Auto

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Continental will provide a full strategy update at its capital markets day on Dec. 4, the statement said.

German car parts manufacturer Continental said on Monday it would cut thousands of jobs in its automotive division worldwide as part of a plan to save 400 million euros (USD 428 million) a year from 2025.

The exact number of job cuts was not immediately clear, but it will amount to the “mid-four-digit range”, the company said.

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