Continental, German Union Agree to Job Cuts - Tire Review Magazine

Continental, German Union Agree to Job Cuts

(Akron/Tire Review) AFX reported that Continental AG and its employee union have cut a deal that will keep up to 180 jobs at the company’s Stoecken, Germany, passenger car tire plant, which Continental plans to close by the end of 2007, and transfer or offer early retirement to the remainder of staff there this year.

Union officials said some 170 of the 350 jobs at the plant will be eliminated this year either by early retirement or transfers.

The Stoecken plant, near Continental’s Hanover headquarters, has approximately 3,500 workers in total. In addition to passenger tires, the plant also produces commercial tires, pneumatic springs for vehicles, and includes the company R&D headquarters.

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