Continental's ContiTech plans closures of four German plants, affecting 580 jobs

Continental's ContiTech division has announced the closure of four plants in Germany, impacting approximately 580 jobs due to a sustained decline in demand within the automotive sector and other industries. The plants in Bad Blankenburg, Stolzenau, Moers, and the combined site in Frohburg and Geithain will cease operations as part of a restructuring plan. Additionally, the company will downsize operations at its Hamburg location and relocate production from the Hannover-Vahrenwald plant to the Czech Republic by mid-2026. This strategic move aims to streamline operations and adapt to changing market conditions. The closures are part of a broader trend within the automotive supply chain focused on optimizing costs and enhancing efficiency. Continental's decision reflects ongoing challenges in the automotive industry and the need for companies to adjust their production strategies accordingly.