Continental announced it has found a buyer for its plastics technology division after months of preparing to sell the unit. The divestment reflects Continental’s strategic shift toward its tire business and emerging automotive tech, while raising workforce concerns that could affect operations and labor relations. Continental AG, the unnamed acquirer, the company’s works council, and the IG Metall union. Finalization of sale terms, possible workforce consultation or restructuring announcements, and reinvestment of the proceeds into Continental’s core tire and EV‑related segments. Continental has been planning to divest its plastics technology business to sharpen its focus on core tire operations and higher‑growth automotive technologies. A buyer has now been identified, though the financial details of the transaction remain undisclosed. The company’s works council and the IG Metall union have issued a clear statement, signaling concerns about potential job losses or restructuring impacts on employees.
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