Continental AG plans to eliminate 1,900 jobs
Continental AG, Europe's second-biggest auto-parts manufacturer, plans to eliminate at least 1,900 jobs by the end of March 2010 and reduce tire capacity because of falling vehicle sales.
Continental Airlines Inc. said Thursday it is cutting 3,000 jobs and reducing capacity in the fourth quarter by 11 percent, citing record fuel costs that have pushed the airline industry into a ``crisis.''