Continental plans to implement further restructuring measures at its ContiTech division to adapt to market challenges, with potential job cuts of up to 1,500. The move follows previous actions that were deemed insufficient, with the company targeting €150m in annual cost savings by 2028. Plans include relocating activities and revising internal processes. The company confirmed it is preparing to divest ContiTech as part of a broader reorganization strategy. Continental aims to reduce its cost structure to ensure long-term viability, despite uncertainties in the market environment.

Read more at Yahoo Finance: Continental plans further restructuring at ContiTech with potential job cuts