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Continental May Close Factory in Germany
Continental AG says a slump in orders has prompted it to consider closing a factory in Gifhorn, Germany, that makes hydraulic brake systems and motors for hybrid and all-electric vehicles.
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Continental AG says a slump in orders has prompted it to consider closing a factory in Gifhorn, Germany, that makes hydraulic brake systems and motors for hybrid and all-electric vehicles.
Conti management wants to launch discussions with the plant's local union about cost-cutting measures to keep the facility open, according to Reuters. The factory employs abut 1,600 people.
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