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Continental May Cut Thousands of Jobs

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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.

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