Continental AG – currently the takeover target of smaller bearing specialist Schaeffler – is reported to have axed around 200 ‘white collar’ salaried posts in North America.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The job cuts were said to be the first resulting from the integration of recently acquired Siemens VDO automotive operations with Continental’s, but were also due to the North American auto market downturn.
