EMCC European Monitoring Centre on Change

Continental

Company/Organisation:
Continental

Geographic Location

Country: Romania
Region: Timis; Vest
Location of affected unit(s): Timisoara

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Number Employed: 17500
Group: Continental

Employment Effects

Announcement Date: 17-06-2022
Type of Restructuring: Business expansion
Employment Effect Start: 17-06-2022
Foreseen End Date: 31-12-2022
Planned Job Creation: 1000

Additional Information

The German manufacturer of auto vehicle components, Continental Romania, has announced its intention to hire 1,000 people in 2022. The new jobs will be created at the new R&D centre in Timisoara (Timis County). The company invested €33 million in its R&D centre which is equipped with a testing and validation area for all products developed by the company.

Between 1999 and 2021 Continental invested more than €2 billion in its Romanian operations. Continental has six production facilities and four engineering centres in Timisoara (Timis County), Sibiu (Sibiu County), Carei (Satu Mare County), Nădab (Arad County) and Iași (Iasi County).

The company also owns a tire distribution centre in Bucharest. At the end of 2021, Continental had more than 17,500 employees, of which more than a third were engineers and computer scientists.  

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