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Live+20 todayUpdated 4h ago

ContiTech: Agreement reached with employee representatives on reconciliation of interests, social plan and future framework

ContiTech reaches agreement with employee representatives to reduce around 3,000 jobs worldwide and relocate activities to lower-cost countries.

Worldwide positions affected

3,000

Positions reduced in Germany

1,600

Target annual savings from 2028

€150 million

What Happened

The Continental group sector ContiTech has reached an agreement with employee representatives on key workforce measures for Germany related to the cost-saving program announced in November 2025. The agreement defines conditions for reducing around 1,600 positions in Germany and relocating some activities to countries with more competitive cost structures. The negotiated package includes a voluntary separation program and job-to-job placement support.

Key milestones
  1. November 2025

    Cost-saving program announced

  2. May 7, 2026

    Agreement reached with employee representatives

  3. May 8, 2026

    Voluntary program launches

  4. 2028

    Target annual savings of €150 million

Worldwide positions affected

3,000

Approximately 3,000 positions worldwide are affected by the program.

Why this matters

The agreement shows how a major automotive supplier is managing job cuts and restructuring to stay competitive amid weak market conditions.

Terms in This Story

Reconciliation of interests
A formal agreement between an employer and employee representatives on the terms of workforce reductions or operational changes.
Social plan
A plan that outlines measures to mitigate the impact of layoffs, such as severance pay, retraining, or job placement assistance.
Read Original: Continental

Summarised from the linked release; details can be imperfect — always verify against the original source.