Automotive parts provider Continental is looking to save money after being hard-hit by COVID-19, and may have to lay off workers due to lowered demand for its products. “This will be very painful, but we have no other choice,” said CEO Elmar Degenhart, in an internal video to staff. “At the moment we cannot give any job guarantees. The probability that we will have to talk about forced layoffs is very, very high.” (Source: Autoblog) Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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