Continental set to decide on German job cuts-paper

Newswire

FRANKFURT, Nov 20 (Reuters) - Car parts group and tyre maker Continental AG will decide in the next few weeks whether to cut more than 300 jobs in its home city of Hanover, chief executive Manfred Wennemer told a newspaper on Sunday. The Frankfurter Allgemeine Sonntagszeitung quoted Wennemer as saying a decision on the fate of about 320 jobs was due in the next one or two weeks. "We have excess capacity in tyres. As a business we are therefore forced to cut jobs, in particular where the ...

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