Continental Layoffs Job Cut: fires 1900 employees, closes plants in Europe: Finance Trading Times

Continental Layoffs Job Cut: fires 1900 employees, closes plants in Europe

The news is not good for the employees of Continental AG, which is a major global company for Tires (Tyres) & other auto materials. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Continental AG Tires. It has declared that it will layoff some 1900 workers and close two tire manufacturing plants - one in France and other in Germany. Continental Logo

How many employees may be fired in the Continental layoffs?
The news is that around 1900 employees may be fired from their jobs at Continental.

What is the total no. of employees of Continental?
Total No. of employees of Continental is around 146000 as of now. The cuts would constiitute around 1.3% of the total employee force.

Any plants to be closed by Continental Tires (Tyres)
Yes. The truck and bus tire plant at Hanover, Germany and a car tire plant in Clairoix, France will be closed. That is what is causing a job cut of 1900 employees. Also there will be a production cut at Puchov, Slovakia plant.

When will the Continental layoffs happen?
As per the reports, the layoffs will be done by the end of March 2010.

Which locations will be affected by the Continental layoffs ?
The layoffs will be at the location of plant closure i.e. Clairoix, France and Hanover, Germany.

What is the primary reasons for Continental layoffs?
The job cuts are because of the falling automobile sales in the European region, where countries have declared recession.

Any other news about Continental layoffs
As per Bloomberg, The company, which said today that the closures involved its highest-cost factories, has been in talks with the French government about saving the Clairoix plant. The Hanover truck- tire plant’s shutdown will be completed by the end of this year and the French factory will stop work by March 2010.
Let's hope that alternative jobs are available to the affected employees of Continental Layoffs Job Cut
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