Showing 1 to 11 of 11 results
Continental Completes Aumovio Spin-off, Shares Rise
Continental AG successfully spun off its Aumovio automotive supplier subsidiary, with Aumovio shares debuting at €35 and Continental shares closing at €58, resulting in a combined value exceeding the previous day's closing price.
Continental Completes Aumovio Spin-off, Shares Rise
Continental AG successfully spun off its Aumovio automotive supplier subsidiary, with Aumovio shares debuting at €35 and Continental shares closing at €58, resulting in a combined value exceeding the previous day's closing price.
Progress
40% Bias Score
European Auto Suppliers Face Mass Layoffs Amidst Industry Restructuring
Facing economic headwinds and the rapid shift to electric vehicles, major European auto suppliers like Bosch, Continental, ZF Friedrichshafen, Schaeffler, and Mahle are announcing significant job cuts and restructuring efforts, impacting thousands of employees across various countries.
European Auto Suppliers Face Mass Layoffs Amidst Industry Restructuring
Facing economic headwinds and the rapid shift to electric vehicles, major European auto suppliers like Bosch, Continental, ZF Friedrichshafen, Schaeffler, and Mahle are announcing significant job cuts and restructuring efforts, impacting thousands of employees across various countries.
Progress
20% Bias Score
Contitech's Bad Blankenburg Plant Closure Threatens 185 Jobs
Contitech plans to close its Bad Blankenburg plant in Thuringia, Germany, by the end of 2025, affecting 185 jobs due to declining demand in the plastics sector; 100 employees protested, and negotiations for relocation and severance are underway.
Contitech's Bad Blankenburg Plant Closure Threatens 185 Jobs
Contitech plans to close its Bad Blankenburg plant in Thuringia, Germany, by the end of 2025, affecting 185 jobs due to declining demand in the plastics sector; 100 employees protested, and negotiations for relocation and severance are underway.
Progress
36% Bias Score
Continental to Cut 3,000 More Jobs Amidst Automotive Industry Crisis
Continental, a German automotive supplier, will cut an additional 3,000 jobs globally by 2026, primarily in research and development, bringing the total job cuts to over 10,000, impacting Germany heavily with the closure of the Nürnberg site, due to the challenging automotive market.
Continental to Cut 3,000 More Jobs Amidst Automotive Industry Crisis
Continental, a German automotive supplier, will cut an additional 3,000 jobs globally by 2026, primarily in research and development, bringing the total job cuts to over 10,000, impacting Germany heavily with the closure of the Nürnberg site, due to the challenging automotive market.
Progress
44% Bias Score
Continental to Close Contitech Plants, 580 Job Losses in Germany
Continental is closing multiple Contitech plants across four German states, impacting 580 jobs (58 in Saxony) due to declining demand in the automotive and brown coal sectors, with plans to consolidate operations and relocate production lines.
Continental to Close Contitech Plants, 580 Job Losses in Germany
Continental is closing multiple Contitech plants across four German states, impacting 580 jobs (58 in Saxony) due to declining demand in the automotive and brown coal sectors, with plans to consolidate operations and relocate production lines.
Progress
40% Bias Score
Continental to Spin Off Automotive Division by 2025
Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.
Continental to Spin Off Automotive Division by 2025
Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.
Progress
40% Bias Score
Continental Completes Aumovio Spin-off, Shares Rise
Continental AG successfully spun off its Aumovio automotive supplier subsidiary, with Aumovio's shares debuting at €35 and Continental's shares closing at €58, resulting in a combined value exceeding the previous day's close.
Continental Completes Aumovio Spin-off, Shares Rise
Continental AG successfully spun off its Aumovio automotive supplier subsidiary, with Aumovio's shares debuting at €35 and Continental's shares closing at €58, resulting in a combined value exceeding the previous day's close.
Progress
40% Bias Score
Continental Restructures, Spinning Off Underperforming Divisions
Continental, a German automotive supplier, announced a restructuring plan at its annual general meeting, spinning off its underperforming automotive supply division, Aumovio, by October 2025, and plans to divest its Contitech plastics division by 2026, leaving only its tire business; this follows ye...
Continental Restructures, Spinning Off Underperforming Divisions
Continental, a German automotive supplier, announced a restructuring plan at its annual general meeting, spinning off its underperforming automotive supply division, Aumovio, by October 2025, and plans to divest its Contitech plastics division by 2026, leaving only its tire business; this follows ye...
Progress
48% Bias Score
Continental Cuts 3000 R&D Jobs Amid Restructuring
Continental, a German automotive supplier, announced it will cut 3000 jobs in its Automotive division's global R&D by the end of 2024 to improve competitiveness and reduce R&D costs, part of a broader restructuring plan ahead of a planned spin-off of the division.
Continental Cuts 3000 R&D Jobs Amid Restructuring
Continental, a German automotive supplier, announced it will cut 3000 jobs in its Automotive division's global R&D by the end of 2024 to improve competitiveness and reduce R&D costs, part of a broader restructuring plan ahead of a planned spin-off of the division.
Progress
44% Bias Score
Continental to Close Contitech Plants, 580 Jobs Affected
Continental is closing several Contitech plants in four German states, affecting 580 jobs, including 58 in Saxony, due to decreased demand in the automotive and lignite mining sectors; the company aims to manage the restructuring socially responsibly.
Continental to Close Contitech Plants, 580 Jobs Affected
Continental is closing several Contitech plants in four German states, affecting 580 jobs, including 58 in Saxony, due to decreased demand in the automotive and lignite mining sectors; the company aims to manage the restructuring socially responsibly.
Progress
44% Bias Score
Continental to Spin Off Automotive Division by 2025
Continental, a Dax-listed company, will spin off its loss-making automotive division, employing almost 96,400 people, by the end of 2025, focusing on its profitable tire business to improve investor appeal, following years of financial losses and a current cost-cutting program eliminating 7,150 jobs...
Continental to Spin Off Automotive Division by 2025
Continental, a Dax-listed company, will spin off its loss-making automotive division, employing almost 96,400 people, by the end of 2025, focusing on its profitable tire business to improve investor appeal, following years of financial losses and a current cost-cutting program eliminating 7,150 jobs...
Progress
44% Bias Score
Showing 1 to 11 of 11 results