Conti restructuring will affect 20,000 jobs globally

摘要

Continental A.G.is set to cut up to 20,000 jobs,including some tire-related positions,by 2029,as part of its newly developed Strategy 2030 The roadmap involves a so-called”transformation 2019-2029 structural program,”which aims to increase efficiency and productivity through a turnaround in the organization and portfolio.Conti said in it expects the restructuring will result in roughly $1.2 billion in costs but eventually will yield $550 million in reduced annual operating costs.