The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
1,000 jobs Number of planned job creations
Announcement Date
17 June 2022
Employment effect (start)
17 June 2022
Foreseen end date
31 December 2022
Description
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.
Eurofound (2022), Continental, Business expansion in Romania, factsheet number 107001, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107001.
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