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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
200 jobs Number of planned job creations
Announcement Date
15 September 2011
Employment effect (start)
Foreseen end date
31 December 2012
Description
The tyre manufacturer Continental expects business expansion in the second half of 2011 thanks to increasing demand for motor vehicles. As a result, the company foresees to invest more than ever in R&D and employ 200 additional R&D personnel at the company site in Hannover.
Overall, the company plans to invest 300 million Euro in the USA and Europe and 700 million Euro in the BRICS countries untill the end of 2012.
Sources
15 September 2011: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2011), Continental, Business expansion in Germany, factsheet number 72362, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72362.
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