I've essayed a bit over the approaching unemployment problems approaching and this week....the Karben company of Germany announced it's termination plan. Our regional news....HR....covered the announcement.
Karben is a company under the car parts supplier Continental.
The total number employed? 1,100 workers.
The plant itself? The full-closure will occur in 2024, but there will be gradual numbers of people let go...some starting in the spring of 2021.
Part of this story goes back before Covid-19 even arrived, and the newer types of parts required for electric cars....versus gas/diesel vehicles. You simply don't need as many parts.
As the company says....Covid-19 simply speeded up the process of the plan.
You can expect monthly announcements like this across Germany over the next couple of years.
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