Continental slashing 10% of global workforce

September 25, 2019 //By Christoph Hammerschmidt
Continental slashing 10% of global workforce
Amidst declining global car production and the shift away from conventional powertrains and the related electronic equipment towards electromobility, automotive technology company Continental has announced a far-reaching restructuring program that will affect some 20.000 of its 244.000 headcount worldwide – the biggest transformation in Continental’s almost 150-year history.

Under the name Transformation 2019-2029, the program aims at two goals: It will increase organizational efficiency and productivity, and, in the first place, it will focus the company’s activities on the “decisive growth fields of the future”, as the company put it in the announcement.

The move will affect some 7.000 of its 62.00 jobs in Germany and even more so abroad. Among other, production facilities for hydraulic components for combustion engines as well injectors for diesel engines at its Roding and Limbach-Oberfrohna campuses (both Germany) will be closed. These two measures alone will lead to 1200 job cuts. In its plant in Pisa (Italy), the production stop of hydraulic components for gasoline engines will translate into another 500 job cuts.

In the U.S., the company plans to close down its activities in Newport News (Virginia) where 740 jobs for the production of fuel injectors for gasoline engines will become obsolete. Similarly, the production line of hydraulic brake systems in Henderson, (North Carolina) will be closed (650 job cuts). Further reorganization projects will be announced during the duration of the program.

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