Overview
- Continental and the IGBCE union agreed on a framework to cut about 1,600 Contitech jobs in Germany as part of 3,000 reductions worldwide.
- The package leans on voluntary exits and early retirement and offers placement support for workers moving to new roles.
- The union says compulsory layoffs will be avoided until at least the end of 2030.
- Continental plans to sell Contitech by the end of the year with the accord set to bind any buyer.
- IGBCE official Francesco Grioli said the deal cannot stop the cuts but eases the impact and gives German sites clearer prospects.