Hankook pushes forward with restructuring plan: will continue with job cuts, but will not close German factories

On August 30th, Jin10 News reported that Hanhigh once again announced job cuts. Hanhigh CEO Carsten Nobre said in an interview with the media that they will close some production bases and lay off employees to optimize production, procurement, logistics and warehousing businesses. However, he also emphasized that ‘although there will be job reductions, no factories in Germany will be closed.’ (Source: Meijing News)

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