EMCC European Monitoring Centre on Change

Continental

Company/Organisation:
Continental

Geographic Location

Country: Germany
Location of affected unit(s): Waltershausen, Korbach, Northeim, Oedelsheim, Hannoversch Münden

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 6700
Group: Contitental

Employment Effects

Announcement Date: 24-06-2022
Planned Job Reductions min: 840
Planned Job Reductions max: 870
Type of Restructuring: Internal restructuring
Employment Effect Start: 25-06-2022
Foreseen End Date: 31-12-2025

Additional Information

The German automotive supplier Continental, headquartered in Hanover, has announced that it will cut around 840 jobs at its sites in Waltershausen (Thuringia), Korbach (Hesse), Northeim (Lower Saxony), Oedelsheim (Hesse) and Hannoversch Münden (Lower Saxony).

According to Continental, the restructuring of the Mobile Fluid Systems (MFS) business unit is due to future competition in the field of electromobility. The transformation process has accelerated due to the economic and political situation. At the Waltershausen site, 190 jobs are affected, in the Oedelsheim/Hannoversch Münden site network 300-350 jobs are affected and in Northeim more than 300 jobs are affected. The German hose sites are to be restructured by the end of 2025.

The company announced it would work with the works council to find other jobs within or outside the corporation for the affected employees.

Continental achieved sales of €33.8 billion in 2021 and currently employs around 190,000 people in 58 countries and markets.