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