Continental Teves

Type
Internal restructuring
Country
Germany
Region
Niedersachsen; Braunschweig; Gifhorn
Location of affected unit(s)
Gifhorn
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
200 jobs
Number of planned job losses
Job loss
Announcement Date
12 June 2005
Employment effect (start)
1 July 2005
Foreseen end date
31 December 2009

Description

Continental is going to cut 200 jobs at its subsidiary, the producer of brakes Continental Teves. After originally announcing 700 job losses, the management entered negotiations with trade union officials. As a result, the weekly work load for employees will increase from 35 to 40 hours.

Sources

  • 14 June 2005: Newsclick.de

Citation

Eurofound (2005), Continental Teves, Internal restructuring in Germany, factsheet number 61749, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61749.