Number of Continental AG employees from FY 1999 to FY 2019 (in 1,000s)* [Graph]. Volkswagen AG’s truckmaking unit MAN plans to cut as much as a quarter of its workforce and potentially close three factories in a restructuring plan to improve earnings and finance investment in new vehicles. In a fresh blow ... tyre and components manufacturer Continental AG has announced it is considering closing its plant in Aachen by the end of next year. The plant employs 2,000 workers and makes electronic parts used in vehicles manufactured by Chrysler, General Motors, Ford, Nissan, Kia, Mercedes-Benz, Hyundai and BMW. 15:00. However, it is the smaller of the two and has decided … Cookies will be automatically cleared 30 days after your visit. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. Allstate plans to cut around 3,000 jobs. Continental delays powertrain IPO to 2020 as profits drop 17%. We use cookies to provide basic and convenience functionalities, measure website performance and analyze user behavior on the website. Allstate plans to cut around 3,000 jobs. German automotive supplier Continental AG on Wednesday said it would cut jobs and close plants over the next 10 years as it faces a slowing global auto sector. All remaining bonds with a total volume of €1.2 billion will mature in or after September 2023. Please register for a regular account. Here are some COVID layoff highlights I’m seeing from Talent Airport (brought to you by Ongig & Friends) through midnight last night. US airlines are poised to let up to 50,000 workers go. Disney announced it will lay off 28,000 employees. Allstate plans to cut around 3,000 jobs. Continental AG (CTTAF) on Q1 2020 Results - Earnings Call Transcript. Supervisory Board of Continental AG Appoints Nikolai Setzer as New Executive Board Chairman, Continental AG announces new outlook for fiscal 2020, Dr. Elmar Degenhart decided to resign from his mandate as CEO at Continental prior to expiry of his period. Continental will provide details about the company’s strategy and profitable growth opportunities at its capital market days in December 2020. Continental AG. Disney announced it will lay off 28,000 employees. Continental AG plans to eliminate jobs and may sell some combustion-engine component businesses, deepening an overhaul at the German automotive supplier caught … Better World Acquisition Corp. You can share relevant news on your website, Your free trial has expired. User Agreement. This includes Continental’s €4.0 billion syndicated revolving credit line with a term until December 2024. German auto-parts supplier Continental AG announced it will cut … Covid-19 Impact Vietnam Pharmacy Retail industry, Market Revenue, Online Pharmacies Vietnam, Medical Equipment Sales. Continental announced it would need to eliminate roughly 13 percent of its workforce last week. Continental AG. Specifically in Germany, as of April 1, 2020, approximately 30 thousand employees (around half of the local workforce) are registered for short-time work. German auto-parts supplier Continental AG announced it will cut … Continental Response. check in with us to start right now. Total reported layoffs — In October we recorded a total of 79,099 reported layoffs. Join millions of professionals in business, industry, and government who Daily Job Cuts / Layoffs - Your source for daily economy updates on recent Job Layoffs 2020 / 2019 , Job Losses, Layoff News, Store Closings 2020, Bankruptcy, Business and Economic News Royal Dutch Shell will eliminate around 9,000 jobs globally. German auto-parts supplier Continental AG announced it will cut or shift some 30,000 jobs worldwide. Any news page or search results can be turned into an email news alert that affects your company, organization or interest. Manage your media monitoring in one secure location. Neither the credit lines nor other financial indebtedness are subject to financial covenants or rating triggers. German automotive supplier Continental AG on Wednesday said it would cut jobs and close plants over the next 10 years as it faces a slowing global auto sector. Disney announced it will lay off 28,000 employees. German automotive supplier Continental AG recently announced it will close an auto parts factory along the U.S.-Mexico border by 2024 as part of a restructuring plan.. Continental AG (CTTAF) on Q1 2020 Results - Earnings Call Transcript, One day, thousands of job cuts: Economic pain is deepening, Coronavirus confronts global economy with long road to recovery, WRAPUP 1-Continental, Osram cut costs as autos downturn hits suppliers, Two US Plants To Become Victims Of Continental's Transformation. Continental AG has revealed a plan for massive restructuring over a period of one decade that involves employee layoffs and closure of factories. × Expand. Total reported layoffs — In October we recorded a total of 79,099 reported layoffs. continental sees 2020 group sales around 37.5 bln eur wednesday, 11 nov 2020 . The program will result in … You can change your cookie settings at any time by visiting our Cookie Policy or by clearing the cache in your browser. The aforementioned situation has already considerably impacted the expected financial results of the first quarter of fiscal 2020. Continental CEO Says Layoffs Are Likely -Wirtschaftswoche June 10 2020 - 09:15AM Dow Jones News --Continental AG aims to save EUR100 million and layoffs are likely, CEO Elmar Degenhart told employees in an internal video German business publication Wirtschaftswoche reports. German auto-parts supplier Continental AG … Check out our short video and And so easy to use. Royal Dutch Shell will eliminate around 9,000 jobs globally. --Continental AG aims to save EUR100 million and layoffs are likely, CEO Elmar Degenhart told employees in an internal video German business publication Wirtschaftswoche reports. The plant employs 2,000 workers and makes electronic parts used in vehicles manufactured by Chrysler, General Motors, Ford, Nissan, Kia, Mercedes-Benz, Hyundai and BMW. Click on "Accept all" to allow all cookies or "Change cookie settings" to decide individually. Allstate plans to cut around 3,000 jobs. Required cookies are always activated because they are indispensable for the operation of the website and to store your cookie consent. Highlights & Observations from October 2020: Layoffs decreased by 49.9% — October’s reported layoffs decreased by 49.9% compared to September. ZF Friedrichshafen AG, Friedrichshafen: temporary employment, preparation for resumption of production --Continental AG aims to save EUR100 million and layoffs are likely, CEO Elmar Degenhart told employees in an internal video German business publication Wirtschaftswoche reports. In addition, Continental is producing covers for recovery beds on which lighter corona cases can be treated. And closure of factories expected financial results of the website lower revenues, profit in.! Experience from the world 's leading source for breaking news time and money, so you do n't have,... As wage and salary costs to these challenges, the company ’ s restructuring plan only for... 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