BERLIN (Reuters) – German car parts manufacturer Continental on Monday said it will cut jobs in its automotive division as part of a plan to save 400 million euros ($427.96 million) per year from 2025.
The number of staff reductions was not immediately clear, but it will amount to the “mid-four-digit range,” the company added.
($1 = 0.9347 euros)
(Reporting by Andrey Sychev; Editing by Miranda Murray)
