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You are here: Home1 / Tire Division

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Continental in talks to sell parts of its group

Company News, International News
NRZ, Arno Borchers

The recent news that Continental AG will close its Aachen, Germany tyre factory underlines the fact that it is aiming to cut 13,000 of 59,000 jobs in Germany as part of a major group-wide cost-cutting programme. Now, the German Manager Magazin is reporting that Continental is also considering the sale of parts of the wider group. Indeed, Continental is said to be in talks “already with prospective customers”. The Rubber Technologies business sector, which includes Continentals Tire and ContiTech division is also said to be affected.

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Related news:

  1. Continental holds HQ topping out ceremony
  2. Continental bosses lay foundation stone for new HQ
  3. Revisiting the past for a better future – Continental looks at Nazi era activities
  4. Continental to expand restructuring programme to save 1 billion euros by 2023
13th October 2020/by Chris

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