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Continental closing operations in Germany, U.S., Italy, Malaysia in shift to newer technologies

Continental announced that as part of its Transformation 2019 - 2029 structural program, it will shed 20,000 of more than 244,000 jobs over 10 years, reducing gross costs by EUR 500 million annually beginning in 2023 when 15,000 jobs will have been ended. The Instrumentation & Driver HMI business unit will gradually ....

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