EMCC European Monitoring Centre on Change

Continental Automotive Lithuania

Company/Organisation:
Continental Automotive Lithuania

Geographic Location

Country: Lithuania
Region: Kauno apskritis; Lietuva
Location of affected unit(s): Kaunas

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 326
Group: Continental

Employment Effects

Announcement Date: 25-03-2021
Type of Restructuring: Business expansion
Employment Effect Start: 25-03-2021
Foreseen End Date: 31-12-2021
Planned Job Creation: 40

Additional Information

Germany's automotive component production giant Continental is to create around 40-50 new jobs in its subsidiary in Kaunas by the end of 2021. After more than three years of operation in Lithuania, Automotive Continental Lithuania plans to increase production capacity in Kaunas and will start a new development project with an investment of more than €90 million. The company plans to create 500 new jobs and reach a total of 1,500 employees by 2025. Currently the company employs 326 employees.

Continental is a German multinational automotive parts manufacturing company that was founded in 1871. It offers solutions for vehicles, machines, traffic and transportation. The company employs around 241,000 employees worldwide.

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