Leading automobile engine manufacturer on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028.
Reuters claimed that Continental which employs more than 240,000 staff has suffered from a global downturn in demand for passenger cars and a shift away from gasoline and diesel toward battery-powered vehicles.
The company stated around 520 jobs will be lost when a site in Roding, Germany which makes hydraulic components for petrol and diesel engine manufacturing is closed down in 2024.
According to Reuters, Limbach-Oberfrohna stated that another 850 jobs are under threat in, Germany once the manufacturing of diesel injection components ends in 2028, and a further 2,200 jobs in Babenhausen, Germany are under threat, Continental said.
It was reported that another 720 jobs will be lost in Newport News, United States, where hydraulic components for gasoline engines will cease in 2024.
Whereas in Italy, 750 jobs are under threat because the production of petrol engine components will cease by 2028, Continental said.
The company stated that it would also start talks with worker representatives at its site in Rubi, Spain where it makes analog display systems. Around 760 people work at Continental’s site in Rubi.