UPDATE 2-Continental to cut up to 2,000 jobs at Powertrain


(adds comments from executive, updates shares) SALZGITTER, Germany, March 27 (Reuters) - German automotive supplier Continental AG plans thousands more job cuts at its Siemens VDO business over the next two years while it restructures its powertrain division, it said. Continental which bought Siemens VDO last year, expects to slash 1,500 to 2,000 jobs worldwide at Powertrain in addition to thousands of jobs to be lost through its integration, as it restructures three of its business ...

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