Continental May Cut Thousands of Jobs

Order Reprints

Sept. 1, 2020—Fresh off acknowledging its role in the Nazi war machine, Continental announced that its restructuring aims to save $1.2 billion per year and could risk up to 30,000 jobs, reports Bloomberg.

Looking to implement most of its restructuring plan by 2025, the company was already planning big changes before the COVID-19 pandemic, which deepened its issues.

Continental's overall employment is around 232,000 worldwide, according to Bloomberg.

Recommended Products

May 2019

May 2020

May 2018

Related Articles

Why Hundreds of Thousands of Recalled VW Cars May Not be Repaired

Thousands of Cars Stuck in Beijing Traffic Jam on 50-Lane Highway

The Importance Of Saying What You Mean: You May Not Be Doing As Well As You Think

You must login or register in order to post a comment.