© Reuters. FILE PHOTO: A sticker with the brand of German tyre firm Continental is pictured on tyres in Bourbriac, France, February 18, 2022. REUTERS/Benoit Tessier
BERLIN (Reuters) -Continental stated on Friday it plans to part out enterprise actions at its Gifhorn plant by the top of 2027, with 450 out of 900 jobs on the website affected.
The choice was taken “towards the backdrop of the sharp improve in value stress within the automotive trade, the declining automotive markets, and the excessive and by worldwide requirements uncompetitive value construction on the website”, the corporate stated in an announcement.
The measures will embody relocation of the meeting of latest-generation air provide methods in 2024, relocation of the spare elements enterprise from 2024, and outsourcing of valve block and piston head manufacturing to suppliers by the top of 2027.
The supervisory board helps the preliminary measures however will determine on the phase-out at its December assembly, the corporate stated.
Supply hyperlink