UPDATE 1-Continental AG cuts 320 jobs on car tyre slowdown


(Adds details, stock price, background) FRANKFURT, Nov 22 (Reuters) - German tyremaker and car parts group Continental AG will end production of passenger car tyres at its Hanover-Stoecken plant by the end of next year and cut 320 jobs there amid weak demand, it said on Tuesday. The cuts will reduce staffing levels at the plant in its home base of Hanover by around 10 percent. The factory primarily makes truck tyres. "Slower-than-expected growth of passenger car tyres ... leaves us no ...

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