Continental to cut 5,000 jobs as demand falls for combustion engines

Filed under:Green,Hirings/Firings/Layoffs,Plants/ManufacturingGerman auto supplier Continentalon 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.The global auto supplier, 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.