About: http://data.cimple.eu/news-article/9ee1505de76640a0e58cfdcc73e2e85bbd0b5b5fd8b8674cf45b9adf     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Continental, the troubled car parts manufacturer, said its chief executive Elmar Degenhart will resign next month for health reasons after 11 years in the role. Degenhart, 61, will step down "for immediately necessary preventive health care," effective November 30, the company said in a statement late on Thursday. It comes as Continental is going through an extensive restructuring affecting 30,000 jobs, as the auto industry grapples with a shift to electric vehicles and the economic fallout from the pandemic. "I would have clearly preferred to continue working on our structural realignment," Degenhart said. "But in consideration of the health-related advice that I received, I am now setting other priorities." The world's second largest auto parts supplier announced in September the extension of a vast restructuring programme launched in 2019, now aiming for one billion euros ($1.2 billion) in annual savings from 2023. When the plan was first unveiled, the group was aiming for just 20,000 job adjustments and 500 million euros in annual savings within four years. But the coronavirus pandemic has savaged earnings prospects, with global lockdowns closing factories and showrooms for weeks on end earlier this year. Continental said its net profit plunged 41 percent to 485 million euros in the second quarter. Wolfgang Reitzle, Continental's supervisory board chairman, said the supervisory body must now be convened "at short notice" to decide on a successor. The president of Continental's automobile division, Nikolai Setzer, is a likely candidate, Bloomberg news agency reported, citing unnamed sources. fcz-edf/mfp/spm
schema:headline
  • Continental chief to step down citing health reasons
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software