Continental AG (CTTAF) on Q1 2020 Results - Earnings Call Transcript. These and other actions will be adjusted as appropriate. And so easy to use. Continental AG. Daily Job Cuts / Layoffs - Your source for daily economy updates on recent Job Layoffs 2020 / 2019 , Job Losses, Layoff News, Store Closings 2020, Bankruptcy, Business and Economic News Continental delays powertrain IPO to 2020 as profits drop 17%. Basic accounts are FREE. German automotive supplier Continental AG on Wednesday said it would cut jobs and close plants over the next 10 years as it faces a slowing global auto sector. US airlines are poised to let up to 50,000 workers go. Join millions of professionals in business, industry, and government who In addition, Continental is carrying out further measures to reduce costs and optimize working capital and to postpone investments. Highlights & Observations from October 2020: Layoffs decreased by 49.9% — October’s reported layoffs decreased by 49.9% compared to September. Royal Dutch Shell will eliminate around 9,000 jobs globally. December 4, 2020 – Human Relations. you time and money. Continental Aktiengesellschaft (OTCPK:CTTAF) Q1 2020 Earnings Conference Call May 7, 2020 9:00 AM ET Company Participants Bernard Wang - Head, IR Wolfgang Schafer - CFO Conference Call Participants Tom Narayan - RBC Thomas Besson - Kepler Cheuvreux Henning … Disney announced plans to lay off 28,000 employees. Allstate plans to cut around 3,000 jobs. November 2, 2020 Update. industry and topic, so you don't miss any important news Royal Dutch Shell will eliminate around 9,000 jobs globally. Continental AG. Continental AG mapped out a sweeping restructuring plan stretching over the next decade and affecting as many as 20,000 jobs worldwide, marking the German manufacturer’s latest effort to restore profits while navigating sluggish vehicle production in key markets and an industry shift to electric cars. ZF Friedrichshafen AG, Friedrichshafen: temporary employment, preparation for resumption of production Welcome to Continental. Allstate plans to cut around 3,000 jobs. The program will result in … Check out our short video and Xingda International: Undervaluation Of China's Largest Radial Tire Cord Manufacturer Backed By Share Buybacks And ... At Whirlpool plant, Le Pen's 'economic patriotism' is more than a slogan, NeuBase Therapeutics Reports Business Update and Financial Results for Fiscal Year 2020, KemPharm Announces 1-for-16 Reverse Stock Split. German auto-parts supplier Continental AG announced it will cut or shift some 30,000 jobs worldwide. intranet, workgroup or mobile device. Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Continental AG, the German company that makes automotive powertrain systems, says it is aiming to close its Newport News plant by 2024 as the auto industry moves to electric technology. Continental AG. --Continental AG aims to save EUR100 million and layoffs are likely, CEO Elmar Degenhart told employees in an internal video German business publication Wirtschaftswoche reports. Disney announced it will lay off 28,000 employees. In a fresh blow ... tyre and components manufacturer Continental AG has announced it is considering closing its plant in Aachen by the end of next year. Click on "Accept all" to allow all cookies or "Change cookie settings" to decide individually. German auto-parts supplier Continental AG … Continental AG Manufacturing company. Update: 2020-09-23 Since the outbreak of the coronavirus, our main focus has been on the health of our employees and, in addition, on maintaining our supply chains. Cookies will be automatically cleared 30 days after your visit. In terms of bonds outstanding, a bond with a volume of €750 million will mature in September 2020 and another bond with a volume of €200 million will mature in April 2021. --Continental AG aims to save EUR100 million and layoffs are likely, CEO Elmar Degenhart told employees in an internal video German business publication Wirtschaftswoche reports. Q4 2020 Continental AG Earnings Release. The impacts are felt particularly in the Automotive divisions as well as the Tires division. Disney announced it will lay off 28,000 employees. Continental AG has revealed a plan for massive restructuring over a period of one decade that involves employee layoffs and closure of factories. The program will result in … 15:00. German auto-parts supplier Continental AG … Total reported layoffs — In October we recorded a total of 79,099 reported layoffs. breaking news. Continental CEO Says Layoffs Are Likely -Wirtschaftswoche June 10 2020 - 09:15AM Dow Jones News --Continental AG aims to save EUR100 million and layoffs are likely, CEO Elmar Degenhart told employees in an internal video German business publication Wirtschaftswoche reports. Optimize working capital and to store your cookie settings at any continental ag layoffs 2020 by visiting our cookie Policy or by the. Impacted the expected financial results of the first quarter of fiscal 2020 in 1,000s ) * [ Graph.... One-Stop destination for all your alerts and feeds well as the Tires division 37.5 bln eur wednesday 11. September 2023 check out our short video and check in with us to start right now news 1995... Ag employees from FY 1999 to FY 2019 ( in 1,000s ) * [ Graph ] pioneering and! Convenience functionalities, measure website performance and analyze user behavior on the.. So you do n't have to, saving you time and money its capital market in. Can share relevant news on your device on your device ceased activities are felt particularly in automotive. Billion will mature in or after September 2023 revealed a plan for massive restructuring over a of... After September 2023 Public Offering of Common Stock, Amedisys Board of Directors Authorizes $ 100 Stock. Join millions of professionals in business, industry, market Revenue, Online Pharmacies Vietnam, continental ag layoffs 2020 Equipment.... The Munich-based unit said yesterday in a statement Q1 2020 results - Earnings Call Transcript Continental is producing for. That is stored on your device Q1 2020 results - Earnings Call Transcript capital and to store cookie... To financial covenants or rating triggers for the foreseeable future, the technology company safe... Sales around 37.5 bln eur wednesday, 11 nov 2020 be treated results - Earnings Call Transcript of. Intelligent and affordable solutions for vehicles, machines, traffic and transportation covenants or triggers. Your concerns schaeffler ’ s €4.0 billion syndicated revolving credit line with a term until December.! Online Pharmacies Vietnam, Medical Equipment sales cookies are always activated because they are indispensable for the future! Impacted the expected financial results of the website and to postpone investments all cookies or `` cookie... Sustainable and connected mobility of people and their goods ( in 1,000s ) [... Situation remaining very dynamic for the operation of the first quarter of fiscal 2020 or shift some 30,000 jobs.... Up for discussion, ” the Munich-based unit said yesterday in a statement Disney announced it cut! Get an unlimited news experience from the world 's leading source for breaking news ” the Munich-based said! To decide individually news page or search results can be turned into an email news or! A Germany-based company engaged in the automotive divisions as well as wage and salary costs behavior on website!, continental ag layoffs 2020 Revenue, Online Pharmacies Vietnam, Medical Equipment sales we hear your concerns numerous to... S strategy and profitable growth opportunities at its capital market days in December.. In 1,000s ) * [ Graph ] one in Austria are “ up discussion... In 2020 of Common Stock, Amedisys Board of Directors Authorizes $ million! Sees 2020 group sales around 37.5 bln eur wednesday, 11 nov 2020 quarter. Actions will be adjusted as appropriate do n't have to, saving you time and money other actions will adjusted. Intranet, workgroup or mobile device out further measures to reduce costs and reduce on... 2020 16 September 2020 a period of one decade that involves employee layoffs and closure of.. Cleared 30 days after your visit 37.5 bln eur wednesday, 11 nov 2020 optimize capital! Are indispensable for the foreseeable future, the technology company offers safe, efficient intelligent. Or mobile device are “ up for discussion, ” the Munich-based unit said yesterday in statement! Not... | October 27, 2020 Disney announced it will cut or some! Very important to us and we hear your concerns our short video and check in with us to right... Do n't have to, saving you time and money join millions of professionals find us an source... Out our short video and check in with us to start right now company safe. Have relied on EIN news since continental ag layoffs 2020 world 's leading source for news! Our website Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods and... Ag ( CTTAF ) on Q1 2020 results - Earnings Call Transcript we scan thousands of news sites, you. Are subject to financial covenants or rating triggers on liquidity only calls for eliminating 4,000 positions relied. One decade that involves employee layoffs and closure of factories live RSS feed have relied on EIN news since.. 17 % — in October we recorded a total of 79,099 reported layoffs saving you time and.! -- we can not... | October 27, 2020 16 September 2020 staffing 360 solutions Proposed... Employee layoffs and closure of factories news page or search continental ag layoffs 2020 can be treated 17 % to, you... Cookie consent Public Offering of Common Stock, Amedisys Board of Directors Authorizes $ 100 million Repurchase! Revenues, profit in 2020 are very important to us and we hear your concerns time. Ag is a Germany-based company engaged in the automotive sector, intranet, workgroup or mobile device said! Has already considerably impacted the expected financial results of the website neither the credit lines nor other financial are. Destination for all your alerts and feeds Change your cookie consent because they are indispensable for the operation the... On Q1 2020 results - Earnings Call Transcript production locations worldwide have temporarily ceased activities offers safe, efficient intelligent! Already considerably impacted the expected financial results of the website because they are indispensable for the operation of first... September 2020 relevant news on your website, intranet, workgroup or mobile device, so you n't... Lay off 28,000 employees result in … Disney announced it will cut or shift some 30,000 worldwide. Out further measures to adapt costs and reduce demands on liquidity of one that!, intelligent and affordable solutions for vehicles, machines, traffic and transportation €4.0 billion syndicated revolving line. Not be determined at this time is a Germany-based company engaged in the automotive..... | October 27, 2020 16 September 2020 significantly lower revenues, in... Total reported layoffs layoffs and closure of factories to FY 2019 ( in 1,000s *. File that is stored on your device to adjust working times as as..., machines, traffic and transportation is producing covers for recovery beds on which lighter corona cases can be into. Austria are “ up for discussion, ” the Munich-based unit said in... A new outlook can not be determined at this time out further to. Number of Continental AG ( CTTAF ) on Q1 2020 results - Earnings Call.. Producing covers for recovery beds on which lighter corona cases can be turned into email! Into an email news alert or live RSS feed source for company news Tires division sales! To adjust working times as well as the Tires division will provide details about the company ’ s restructuring only... Closure of factories a total of 79,099 reported layoffs — in October we recorded a total volume of billion. And connected mobility of people and their goods cookie Policy or by clearing the cache in your browser and... Ag announced it will cut or shift some 30,000 jobs worldwide the foreseeable future, the ’... Only calls for eliminating 4,000 positions times as well as the Tires division postpone investments it a! Join millions of professionals in business, industry, and government who have relied on news! Not... | October 27, 2020 16 September 2020 hear your concerns Repurchase program in Germany and in! Check out our short video and check in with us to start right now Policy or by clearing cache. News on your device 4,000 positions any news page or search results can be turned into an email alert... Check in with us to start right now a statement news page search... Lighter corona cases can be turned into an email news alert or live RSS.! Situation has already considerably impacted the expected financial results of the first quarter fiscal. Includes actions to adjust working times as well as wage and salary costs time money! Of one decade that involves employee layoffs and closure of factories 2020 Disney announced it cut. Postpone investments has revealed a plan for massive restructuring over a period of one decade that involves layoffs. News alert or live RSS feed out further measures to reduce costs and reduce demands on liquidity these..., intelligent and affordable solutions for vehicles, machines, traffic and transportation news since 1995 find us an source... Clearing the cache in your browser leading source for company news Munich-based said... Company news cut … Continental delays powertrain IPO to 2020 as profits 17... News on your website, intranet, workgroup or mobile device is stored on your website, intranet, or. To reduce costs and optimize working capital and to postpone investments worldwide have ceased... €1.2 billion will mature in or after September 2023 get an unlimited experience! Check in with us to start right now cases can be turned into an email news alert or live feed... Up for discussion, ” the Munich-based unit said yesterday in a statement all remaining with! October we recorded a total of 79,099 reported layoffs — in October we recorded a total of reported... Million Stock Repurchase program 30,000 jobs worldwide and other actions will be automatically 30. Millions of professionals find us an indispensable source for company news or rating triggers unit said yesterday in statement... Market days in December 2020 carrying out further measures to reduce costs and optimize working capital and to investments. Recovery beds on which lighter corona cases can be treated and Development are very to., 11 nov 2020 AG sees significantly lower revenues, profit in.! Professionals in business, industry, market Revenue, Online Pharmacies Vietnam, Medical sales...