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You are here: Home1 / News2 / Product News3 / Conti May Eliminate 2,000 VDO Jobs

Conti May Eliminate 2,000 VDO Jobs

Date: 15th February 2008 Author: Admin Comments: 0

It appears as if Continental plans to reduce the workforce at its VDO automotive electronic unit by 2,000 jobs. Germany’s Financial Times Deutschland reports that sources within Continental have disclosed that cuts will occur at the recently acquired unit, however the company declined to officially comment to the German financial newspaper.

A reduction of 2,000 jobs includes the 500 job cuts Siemens was considering before the unit’s purchase by Continental. Financial Times Deutschland further commented that, should the details of the cuts be accurate, they might in part allay concerns of the IG Metall trade union, which feared that up to 7,000 jobs may have faced the axe.

Related news:

  1. Schaeffler Appeals for Investment
  2. ContiTech Given Approval for UK Acquisition
  3. Report: Schaeffler Needs up to 7 billlion Euros Share Capital
  4. Conti to Buy Parts of Schaeffler?
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automotive, Continental, financials, Germany, Jobs, purchase

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