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MarketScreener Homepage  >  Equities  >  Xetra  >  Continental AG       

CONTINENTAL AG

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Continental : mulls relocating some production on trade conflict - CFO

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08/07/2019 | 07:20am EDT

HAMBURG, Germany (Reuters) - Germany's Continental said on Wednesday it was considering relocating some of its production due to the U.S.-China trade conflict.

Finance Chief Wolfgang Schaefer told Reuters the automotive supplier was well positioned but added: "The tariff discussion is increasingly driving our customers to review their footprints and their location strategy. As a result, this will apply to us too," Schaefer added.

When asked about potential job cuts, he declined to comment and said discussions were ongoing.

(Reporting by Jan Schwartz; Writing by Thomas Seythal; Editing by Michelle Martin)


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NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance & Law
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