With unrest growing in several European countries over swingeing job cuts and business collapses – workers protesting in Hanover over two threatened tyre factories have forced management to review their strategy.
The board of Continental is to meet later today over the fate of the two sites, one in France the other in Germany. “ We are all up to our necks in it”, declared one union official. “ It’s the same for Opel, VW, Mercedes, Bosch, Thyssen-Krupp and BMW. If all German companies act like Continental, that’s it for Germany. We must not give in in this crisis.” Earlier in the week hundreds of French workers burned tyres near the Elysee Palace. Over 1100 employees at the Clairoix factory and over 1500 in Hanover will lose their jobs if Continental go ahead with the closures. Faced with the collapse of the European car industry, the company is looking at overproduction of 15 million tyres this year.