EMCC European Monitoring Centre on Change

Continental Romania

Company/Organisation:
Continental Romania

Geographic Location

Country: Romania
Location of affected unit(s): Sibiu (Sibiu county, Centre region), Timisoara (Timis county, West region)

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 8300
Group: Continental

Employment Effects

Announcement Date: 11-06-2010
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2010
Planned Job Creation: 1400

Additional Information

The German manufacturer of motor vehicle components Continental announced the creation of 1,400 jobs in 2010 as a result of an investment programme of 70 million euro, mainly for research and development (R&D) activities and the expansion of the production sites in Sibiu and Timisoara. At present the group has 2,600 employees working on R&D activities in Romania. The group expects to employ 9,700 persons in total by the end of 2010.