August 7, 2019 / 11:25 AM / 4 months ago

Continental mulls relocating some production on trade conflict - CFO

Flags of German tyre company Continental are pictured before the annual news conference in Hanover, Germany,March 7, 2019. REUTERS/Fabian Bimmer

HAMBURG, Germany (Reuters) - Germany’s Continental (CONG.DE) said on Wednesday it was considering relocating some of its production due to the U.S.-China trade conflict.

Finance Chief Wolfgang Schaefer told Reuters the automotive supplier was well positioned but added: “The tariff discussion is increasingly driving our customers to review their footprints and their location strategy. As a result, this will apply to us too,” Schaefer added.

When asked about potential job cuts, he declined to comment and said discussions were ongoing.

Reporting by Jan Schwartz; Writing by Thomas Seythal; Editing by Michelle Martin

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