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Compromise Possible At Conti-Stoecken

(Clacton, U.K./Tyres & Accessories) There is still a possibility that Continental AG can make an amicable agreement with the German works council over job-cuts at its Hanover-Stoecken tyre factory, the AFX news agency has reported.

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Workers at the Stoecken plant are expected to meet management today.

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At the same time Continental employees across Germany have been asked to protest against the planned 320 job cuts – around 10% of the work force. The cuts, which are planned to take place by the end of 2006, were announced in November due to lower-than-expected growth in car tyre sales.

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