Continental said it would cut around 3,000 research-and-development jobs in its automotive segment because of a challenging market environment. The German car-parts company on Tuesday said the cuts amounted to around 10% of its global research-and-development jobs.

German parts supplier Continental plans to cut a further 3,000 research and development jobs in its automotive division by the end of 2026, with more than half of the cuts to hit plants in Germany. The company announced on Tuesday that its Nuremberg facility would be shuttered as part of the cuts,

Continental's automotive branch plans to cut 3,000 jobs in its research and development segment by the end of 2026, the company said on Tuesday. The move comes on top of 7,000 job cuts already announced by the company in a restructuring programme that has been in the works for over a year.