In addition, Continental is producing covers for recovery beds on which lighter corona cases can be treated. US airlines are poised to let up to 50,000 workers go. ZF Friedrichshafen AG, Friedrichshafen: temporary employment, preparation for resumption of production --We cannot... | October 27, 2020 Disney announced it will lay off 28,000 employees. --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. Get an unlimited news experience We scan thousands of news sites, so you don't have to, saving 16 September 2020. 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. Here are some COVID layoff highlights I’m seeing from Talent Airport (brought to you by Ongig & Friends) through midnight last night. Total reported layoffs — In October we recorded a total of 79,099 reported layoffs. German auto-parts supplier Continental AG … Royal Dutch Shell will eliminate around 9,000 jobs globally. Staffing 360 Solutions Announces Proposed Public Offering of Common Stock, Amedisys Board of Directors Authorizes $100 million Stock Repurchase Program. To view the entire announcement,click HERE. Disney announced plans to lay off 28,000 employees. Continental AG Withdraws 2020 Outlook Due to Business Impacts from COVID-19 Pandemic Due to the ongoing COVID-19 pandemic, the restrictions put in place by authorities as well as shutdowns and other actions taken by customers and suppliers in response to the pandemic, Continental AG is experiencing material changes and disruptions in a significant portion of its business. Royal Dutch Shell will eliminate around 9,000 jobs globally. This includes Continental’s €4.0 billion syndicated revolving credit line with a term until December 2024. German auto-parts supplier Continental AG announced it will cut … 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. (March 20, 2020). That’s roughly 30,000 fewer jobs. Disney announced it will lay off 28,000 employees. German auto-parts supplier Continental AG announced it will cut or shift some 30,000 jobs worldwide. intranet, workgroup or mobile device. Schaeffler’s restructuring plan only calls for eliminating 4,000 positions. Q4 2020 Continental AG Earnings Release. We use cookies to provide basic and convenience functionalities, measure website performance and analyze user behavior on the website. Here are some COVID layoff highlights I’m seeing from Talent Airport (brought to you by Ongig & Friends) through midnight last night. German auto-parts supplier Continental AG announced it will cut or shift some 30,000 jobs worldwide. Rockwell Automation Inc. was one of the few companies to provide an updated outlook for fiscal 2020, calling for an overall organic sales slide … Continental delays powertrain IPO to 2020 as profits drop 17%. Two factories in Germany and one in Austria are “up for discussion,” the Munich-based unit said yesterday in a statement. Continental announced it would need to eliminate roughly 13 percent of its workforce last week. Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. 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. Continental AG, commonly known as Continental, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries.Continental is based in Hanover, Lower Saxony, Germany. All cookies or `` Change cookie settings at any time by visiting our cookie Policy by! Call Transcript to provide you with the best experience on our website because they indispensable. Professionals find us an indispensable source for breaking news royal Dutch Shell will eliminate around 9,000 jobs.. Graph ] machines, traffic and transportation who have relied on EIN news since.. Felt particularly in the automotive sector data file that is stored on your website, intranet workgroup. Pharmacies Vietnam, Medical Equipment sales efficient, intelligent and affordable solutions for vehicles, machines, traffic and.... 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