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Continental AG lays off Hanover plant workers.


Continental AG, Hanover Hanover, city, Germany
Hanover, Ger. Hannover, city (1994 pop. 524,820), capital of Lower Saxony, N Germany, on the Leine River and the Midland Canal.
, Germany, will reduce staff by approximately 10% at its Hanover-Stocken plant by the end of 2006. The layoffs affect 320 employees in tire production. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Continental, the unexpectedly weak growth in passenger tire sales left it no other choice but to schedule discontinuation dis·con·tin·u·a·tion  
n.
A cessation; a discontinuance.

Noun 1. discontinuation - the act of discontinuing or breaking off; an interruption (temporary or permanent)
discontinuance
 of passenger tire production in Stocken as of December 31, 2006, and to demonstrate cost-optimized flexibility at other plants by cutting back the number of shifts.
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Title Annotation:Corporate, financial news
Publication:Rubber World
Geographic Code:4EUGE
Date:Dec 1, 2005
Words:73
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