Some 400 jobs to go at Phoenix after Conti takeover

Newswire

HAMBURG, Germany, Nov 30 (Reuters) - Around 400 jobs will be cut at German car parts supplier Phoenix's Hamburg headquarters once it has been acquired by rival Continental , Phoenix chief executive said on Tuesday. A further 300 employees will be offered jobs elsewhere in the group, CEO Meinhard Liebing said. He was contradicting comments from works council officials who said around 1,000 Phoenix jobs would disappear over the next two to three years. Liebing said job cuts had been on ...

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