Continental to slash 5,500 jobs in savings drive
FRANKFURT, Nov 20 — Continental confirmed today it would slash 5,500 jobs by 2028, as the German car parts giant seeks massive savings to confront a stuttering global economy and weaker demand for combustion engines.
The jobs cull affecting Germany, Italy and the US would support Continental’s “urgently needed technological transition and thus the strengthening of our competitiveness and future viability”, CEO Elmar Degenhart said.
The company has set itself the goal of saving €500 million (RM2.3 billion) annually from 2023.
The drive comes as Germany’s mighty car industry — employing 800,000 people — is battered by global trade conflicts, stricter emissions limits and a costly switch to electric and autonomous vehicles.
In its statement, Continental said it would close plants in Roding, Germany and Newport News, Virginia by 2024 as it stops making hydraulic components for petrol and diesel engines.
Around 520 jobs will be lost in Roding, and 720 in Virgina.
By 2025, Continental will axe 1,800 posts at its German plant in Babenhausen.
By 2028, 750 more jobs will go in Pisa, Italy and 850 in Limbach-Oberfrohna, Germany due to the discontinued hydraulic components manufacturing.
The latest round of job cuts come on top of a cull announced in September that will see Continental scrap 650 jobs in North Carolina and 270 in Malaysia.
Continental, with a global workforce of 240,000 people, stressed in its statement that some employees would be offered a chance to retrain “for other tasks” to find alternative roles in the group.
Last month, the group reported a net loss of €1.99 billion for the third quarter of 2019, and forecast a full-year loss as well. — AFP


Nireeksha Acharya
To work in a challenging environment, achieve skills in the respective field, and work for the simultaneous progression of the organization and myself. My interests include learning new technology and applying them in real-life situations. I strongly believe in accuracy and precision in whatever I do.
Udupi,Karnataka - 576101
<EMAIL_ADDRESS>91+ 81973 96362
Nireeksha Acharya
Nireeksha09
English,Kannada(Native),Tulu,Hindi
<EMAIL_ADDRESS>91+ 81973 96362
Nireeksha Acharya
Nireeksha09
English,Kannada(Native),Tulu,Hindi
Educational highlights
Shri Madhwa Vadiraja Institute of Technology and Management,
Bantakal,Udupi
University:Visvesvaraya Technological University B.E in Computer Science and Engineering July 2018 - July 2022 | CGPA: 8.4
St.Cecily's Pre University College,Udupi
Board:Karnataka State Board of Secondary Education 12th | March 2018 | Percentage: 87%
St.Cecily's High School,Udupi
Board:Karnataka State Board of Secondary Education 10th | March 2016 | Percentage: 82.5%
Technical Skills
- C , C++
- Python
- Ms Word , Ms Excel
- HTML , CSS
- MySql
Project
Bus Reservation System
The project aimed at booking bus ticket in online mode by selecting the required seat by the customer.This was created using MySql and Java.
Co-curricular Achievements
- College topper in 12th Board Examination on securing the highest marks in Computer Science subject.
- Completed courses on:-
- Fundamentals of Graphic Design.
- Machine Learning for All.
- Data Science.
Extracurricular Achievements
- Participated in several Art competitions during my school days and even won in some.
- Certificate of merit on securing prizes in drawing competitions, crafts, clay modeling, etc during my schooling and college days.
- Secured Distinction in Drawing Higher Grade Examination certified by Government of Karnataka.
- A Distinction in Junior Grade Karnataka Music (Instrumental) Examination conducted by Karnataka Secondary Education Examination Board.
Personality traits
- Easily Adaptable.
- Time Management.
- A great deal of patience.
- Self-motivated
Hobbies
- Painting, sketching, and getting more deeper into the different forms of artworks and designs.
- Playing Instrument(veena) is my most favorable one where I get more enthusiastic and peace of mind.
- Besides that, I like to stitch, edit videos and learn Blender.