Continental AG says it plans to slash 1,500-2,000 jobs worldwide over the next two years as it restructures its powertrain division. Half of the job cuts will be in production, a third in administration and the remainder in research and development. As part of the restructuring, Karl-Thomas Neumann will assume responsibility for the powertrain division in addition to his duties on the Continental board. In February, Continental announced it would cut 2,000 jobs worldwide at Siemens VDO ...
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