UPDATE 1-Continental to slash up to 2,000 jobs at Powertrain

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(adds detail, background, share, previous FRANKFURT) SALZGITTER, Germany, March 27 (Reuters) - German automotive supplier Continental AG said it planned further job cuts at Siemens VDO worldwide over the next two years in connection with restructuring at its powertrain division. Continental said on Thursday it expects to slash 1,500 to 2,000 jobs worldwide at Powertrain, which it plans to revamp into three business units. A good half of those jobs will be in production, a third in ...

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