Continental To Layoff 7,150 Jobs Worldwide
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Continental AG, a German auto supplier, has announced plans to lay off nearly 7,150 jobs worldwide by 2025. The layoffs will include 1,750 jobs in research and development and 380 at subsidiary Elektrobit. Additionally, the company will shed around 5,400 posts as part of a cost-cutting program. Continental aims to increase efficiency and focus on future technologies for software-defined vehicles. The layoffs will be implemented gradually and with consideration for local conditions.
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