Continental, one of Europe’s largest auto-parts makers, is set to announce the cutting of 5,500 jobs, which represents 3% of its global workforce. The company is taking these steps to reduce costs and improve competitiveness. Volkswagen is also planning cost-cutting measures that may include administrative staff jobs. Additionally, Tata Steel has announced the cutting of 800 jobs in the Netherlands. These job cuts reflect the ongoing challenges in the automotive and steel industries, as companies seek to streamline operations and save costs amid industry slowdown.
The UK chip designer is reportedly looking to make job cuts as the industry slowdown continues: https://t.co/8AxkGvwIQs
German car parts supplier Continental to cut thousands of jobs https://t.co/L2RLjH7dRT
Tata Steel cuts 800 jobs in the Netherlands https://t.co/uwyBdQJI6Q https://t.co/pXNUd7AmXt
Tata Steel cuts 800 jobs in the Netherlands https://t.co/V9OgNpOlLg https://t.co/V7yR6uu67S
Tata Steel cuts 800 jobs in the Netherlands https://t.co/ojN90q6b8Y https://t.co/0n8GPjrMsj
Auto supplier Continental to cut thousands of jobs https://t.co/Xeq0KXWt75
Volkswagen $VWAGY is planning to cut administrative personnel costs by 20% as part of a cost-cutting package to save ~$10.8 billion by 2026 according to Handelsblatt
Continental plans thousands of job cuts in auto division https://t.co/4wJ8yAWOJx https://t.co/mtAMMX6e2T
Germany's Continental announces job cuts in automotive division https://t.co/5vrHO5KaBu https://t.co/OC2kAwswwP
Continental is cutting thousands of jobs worldwide as the components supplier and tiremaker takes steps to reduce costs https://t.co/tDlWGplwd9
⚠️ GERMANY'S CONTINENTAL ANNOUNCES JOB CUTS IN AUTOMOTIVE DIVISION Full Story → https://t.co/N2SFmWVvMV
Volkswagen cost-cutting measures may include administrative staff jobs -Handelsblatt https://t.co/0AIC348Hp2 https://t.co/XgLFJbPAS4
Germany's Continental considers measures to improve competitiveness https://t.co/G4HgYwtSbo https://t.co/ciCLf0sJDe
Continental, one of Europe’s largest auto-parts makers, may announce 5,500 job cuts — 3% of its staff worldwide — as soon as Monday https://t.co/TektArinJY
Continental, one of Europe’s largest auto-parts makers, may announce 5,500 job cuts — 3% of its staff worldwide — as soon as Monday https://t.co/0LvvLjo4Ho