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International Business Times

Business

German Auto Supplier Continental To Cut 3,000 More Jobs

The 3,000 jobs to be cut by the end of next year come on top of 7,150 that are due to go by the end of this year (Credit: AFP)

German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest sign of weakness for the country's auto sector.

The job reductions will be in research and development, it said, adding that less than half of the cuts will be in Germany.

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