Continental to stop passenger tyre production, lay off over 300, at Stöcken

By Liz White, ERJ staff

Hanover, Germany-Continental AG has announced that it will be reducing staff by roughly 10 percent at its Hanover-Stöcken plant by the end of 2006 and will stop making passenger car tyres at the plant. The layoffs affect 320 employees in tyre production, the German tyre maker said in a 22 Nov statement.

Referring to lower than expected growth rates, Conti chairman Manfred Wennemer said, “This was not an easy decision for us to take and was preceded by meticulous analysis of various…

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