Continental
The Dax group is giving up its brake plant in Gifhorn.
(Photo: dpa)
The automotive supplier Continental wants to give up its plant for brake systems in Gifhorn, Lower Saxony, by the end of 2027. Half of the currently around 900 jobs are initially affected. The reason given by the Dax group from Hanover on Friday was the sharp increase in cost pressure in the automotive industry, declining sales markets and the cost structure of the location, which is not competitive in an international comparison.
With the cessation of business activities in the coming year, the relocation of the assembly of air supply systems and the spare parts business for air springs and compressors should begin. By 2027, the production of valve blocks and piston pots for brake systems should be outsourced to suppliers. Continental wants to help its employees find new jobs in the region.
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