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Continental’s ContiTech agrees framework for 3,000 job reductions worldwide

ContiTech reached an agreement with employee representatives on implementing a program affecting around 3,000 positions worldwide, including about 1,600 in Germany. Administrative functions are the main focus, some activities will move to lower-cost locations, and the voluntary program began on May 8 as ContiTech targets €150 million in annual savings from 2028.