German auto parts giant Continental to slash 3,000 more jobs

German parts supplier Continental plans to cut a further 3,000 research and development jobs in its automotive division by the end of 2026, with more than half of the cuts to hit plants in Germany.

The company announced on Tuesday that its Nuremberg facility would be shuttered as part of the cuts, and other facilities in the German states of Hesse and Bavaria would also be hit hard.

Continental cited the downturn in Germany's automotive industry in announcing the additional job cuts.

A year ago, Continental had announced a round of cuts as part of cost-savings efforts. At that time, it said 7,150 jobs would be eliminated in its automotive division, with 5,400 of those cuts to hit administration and 1,750 in development.

Continental said on Tuesday that those previously announced reductions have now been 80% to 90% implemented. With the latest announcement, total job cuts at the company now total over 10,000.