(IN BRIEF) Continental’s ContiTech division is set to implement structural changes at several German locations due to declining demand in industries such as automotive and lignite mining. Around 580 jobs will be affected, with plant closures at Bad Blankenburg, Stolzenau, … Read the full press release →
Posted in Automotive, Business, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged automotive industry, Bad Blankenburg, Continental, Continental Institute for Technology and Transformation, ContiTech, Employee Support, Frohburg, Geithain, Hamburg, Hanover-Vahrenwald, industry decline, job assistance, job cuts, job relocation, lignite mining, manufacturing adjustments, market changes, Moers, organizational changes, Original Equipment Solutions, Personnel changes, Philip Nelles, production closures, production relocation, Stolzenau, structural changes
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