Continental is also gearing its Vitesco Technologies business area to achieve profitable growth with electrified drive solutions. All optional cookies are deactivated by default. ... About Continental AG. ZF Friedrichshafen AG, Friedrichshafen: temporary employment, preparation for resumption of production Highlights & Observations from October 2020: Layoffs decreased by 49.9% — October’s reported layoffs decreased by 49.9% compared to September. German auto-parts supplier Continental AG … 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 Disney announced it will lay off 28,000 employees. The plan Wednesday, October 14, 2020 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. continental sees 2020 group sales around 37.5 bln eur wednesday, 11 nov 2020 . 16 September 2020. In the Rubber divisions, sales are expected to be around €3.7 to €3.9 billion and the adjusted EBIT margin is expected to be around 7% to 8%. US airlines are poised to let up to 50,000 workers go. Desc: Continental AG, commonly known as Continental, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries. 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. Layoffs: 0 (as of May 11, 2020) Short-time work: Yes (30,000 employees) Changeovers: Production of masks, covers. Volkswagen warns trade war gloom is getting... BMW & Co Are Losing Their Allure, and That’s Got Germany Worried, How German engineering major Siemens is falling prey to technology, Doublestar acquires Kumho Tire for $598 million. Functional and performance cookies are optional. Total reported layoffs — In October we recorded a total of 79,099 reported layoffs. 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. check in with us to start right now. Allstate plans to cut around 3,000 jobs. US airlines are poised to let up to 50,000 workers go. November 2, 2020 Update. Continental AG, the German company that makes automotive powertrain systems, says it is aiming to close its Newport News plant by 2024 as the auto industry moves to electric technology. All remaining bonds with a total volume of €1.2 billion will mature in or after September 2023. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. intranet, workgroup or mobile device. In addition, Continental is producing covers for recovery beds on which lighter corona cases can be treated. (March 20, 2020). It's a one-stop destination for all your alerts and feeds. Disney announced it will lay off 28,000 employees. Continental will provide details about the company’s strategy and profitable growth opportunities at its capital market days in December 2020. The news comes not longer after the company announced plant closures, changes and layoffs in other locations across the country including Roding, Karben, Mühlhausen and Babenhausen. You can change your cookie settings at any time by visiting our Cookie Policy or by clearing the cache in your browser. The impacts are felt particularly in the Automotive divisions as well as the Tires division. Q4 2020 Continental AG Earnings Release. Continental will provide details about the company’s strategy and profitable growth opportunities at its capital market days in December 2020. 16 September 2020. In Statista. Allstate plans to cut around 3,000 jobs. 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. And so easy to use. Join millions of professionals in business, industry, and government who Required cookies are always activated because they are indispensable for the operation of the website and to store your cookie consent. Continental Response. Continental AG, commonly known as Continental, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries.Continental is based in Hanover, Lower Saxony, Germany. 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.. To 50,000 workers go s production locations worldwide have temporarily ceased activities to adjust working as. With a term until December 2024 an indispensable source for breaking news a plan for massive restructuring over a of... 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