Continental (CONG.DE) announced plans to cut an additional 3,000 jobs in its automotive research and development segment by the end of 2026. This follows 7,000 previously announced layoffs as part of an ongoing restructuring effort.
The company aims to reduce its R&D ratio to below 10% by 2027. Less than half of the job cuts will be in Germany, with Babenhausen (-12%) and Frankfurt (-5%) among the most affected sites. Other impacted locations include Ingolstadt, Regensburg, and Schwalbach.
Subsidiaries Elekrobit and Continental Engineering Services will also see 900 job cuts, with 660 in Germany.
The European automotive sector continues to face weak demand, rising production costs, and increasing competition from China, forcing many companies to downsize and restructure.
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