Continental Announces Closure of Several ContiTech Plants, Affecting 580 Jobs

The auto supplier cites declining demand in the automotive and mining industries as it plans to shut down operations in four German states.

Continental plans to close ContiTech facilities in Bad Blankenburg, Stolzenau, Moers, Frohburg, and Geithain, impacting 580 employees across four German states.
The company aims to downsize operations at its Hamburg site and relocate a production line from Hannover to another automotive-focused location.
Continental attributes the closures to sustained declines in demand within the automotive sector and the European lignite mining industry.
Company leaders state they will strive for socially responsible measures, including offering affected employees opportunities to transition within the organization.
The decision has drawn sharp criticism from employee representatives and unions, who demand stronger financial support for workers in economically vulnerable regions.