HAMBURG, Germany, Aug 7 (Reuters) - Germany’s Continental 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