German auto supplier and tire maker Continental said Wednesday it would cut some 7,150 posts worldwide by 2025 as the difficult switch to electric vehicles forces companies in the sector to retool.
The group, which makes tyres and supplies components to car manufacturers, said it would shed 1,750 jobs in research and development.
Meanwhile, it will also lose around 5,400 posts as part of a previously announced cost-cutting programme aimed at saving the group €400 million ($428 million) by 2025.
Continental group employs around 200,000 people worldwide, announced the plan in November without putting a precise figure on the number of jobs that would go.
Continental’s automotive chief Philipp von Hirschheydt said: “We are aware of the impact on our employees and will do everything we can to find good, tailored solutions (for employees).”
Continental is also the latest German manufacturer to announce job cuts. Appliance maker Miele said earlier this month it would eliminate up to 2,700 posts amid low demand for its products, while Bosch announced plans in December for 1,500 job cuts.
