Continental cuts 320 jobs at Hanover tyre plant


FRANKFURT, Nov 22 (Reuters) - German tyremaker and car parts group Continental AG will cut 320 jobs at its Hanover-Stoecken plant by the end of next year given slower-than-expected growth rates, it said on Tuesday. The move means production of passenger car tyres at the plant will end, the company said in a statement. The job cuts will reduce staffing levels at the plant by around 10 percent.

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