Continental Slashes 3,000 R&D Jobs as Auto Sector Struggles As EV-Driven Auto Sector Slump Deepens
German auto parts giant Continental AG is cutting around 3,000 research and development jobs in its automotive division, a move that comes as the company prepares to spin off the struggling business amid broader turmoil for the auto industry stemming from overly aggressive investment in electric vehicles. The job reductions—equivalent to about 10 percent of…
