Continental implements global strategic adjustments, affecting approximately 7,150 employees

German auto parts giant Continental announced that it will implement global strategic adjustments formulated in December last year to improve the research and development efficiency of the automotive sector. This adjustment will affect approximately 1,750 jobs worldwide, involving 7,150 employees, accounting for approximately 3.6% of Continental’s total global employees.

It is understood that Continental’s layoff plan is mainly affected by the weakening global economy, rising inflationary pressure and the electrification transformation of the automotive industry. In order to cope with the complex and ever-changing global economic environment, Continental has to adjust its structure to adapt to industry changes and market pressures.

Recently, not only Continental, but Bosch, the world's largest auto parts supplier, also announced layoff plans. It is reported that Bosch’s software and electronics division will lay off as many as 1,200 employees by the end of 2026. Bosch said rising operating costs, including high inflation, increased raw material and energy costs, and the slow transition of the electric vehicle industry were the reasons for the layoff decision. This wave of layoffs continues to sweep across the global auto industry.

As an important enterprise in the auto parts industry, ZF has also had to take a series of measures to cope with the competitive pressure of the market. Recently, they announced that they will conduct a large-scale layoff operation worldwide, planning to lay off 165,000 employees. Although some employees predict that the actual number of layoffs may exceed 18,000, ZF said that the purpose of this move is to optimize the company's structure and improve operational efficiency to better cope with increasingly fierce market competition. This decision may be a difficult one for the company, but it is also to ensure the company's sustainable development and long-term competitiveness.

As the electrification and intelligence process of the automobile industry continues to accelerate, established auto parts companies are facing unprecedented challenges. In order to cope with these challenges, companies need to adjust their own structures and optimize operational efficiency to adapt to the new market environment and consumer needs. However, employees may be affected in the process. In order to protect the rights and interests of employees, companies should take measures, such as providing training and job transfer opportunities, to help employees adapt to new work requirements. At the same time, companies should also pay attention to the welfare and benefits of employees, ensure that their living and working environments meet minimum standards, and provide reasonable wages and benefits. In addition to protecting employees' rights and interests, companies should also be committed to achieving sustainable development. This means that companies need to pay attention to environmental protection, adopt sustainable production and operation methods, and reduce negative impacts on the environment. At the same time, companies should also actively participate in social responsibilities

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