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
28 March 2016
Employment effect (start)
28 March 2016
Foreseen end date
31 December 2016
Description
German automotive parts producer Continental plans to create 1,000 new jobs in Romania by the end of this year. The new jobs will be created at Continental R&D centres (Timisoara, Sibiu, Iasi and Brasov) and production units (Brasov, Sibiu, Timisoara, Carei and Nadab) across the country. The open positions are for university graduates as well as experienced automotive and software engineers.
In 2015, Continental invested EUR 130 millions in its activities in Romania and hired some 1,500 new employees.
Update, 25 May 2016: The Company has launched the plan for the construction of new buildings at Timisoara centre. The Timisoara centre will have an additional 7,000 square meters by the end of 2016 and the investment is about EUR 12 milllions.
Sources
28 March 2016: Company press release
28 March 2016: capital.ro
28 March 2016: satmareanul.net
25 May 2016: Ziarul Financiar
Citation
Eurofound (2016), Continental Romania, Business expansion in Romania, factsheet number 86868, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86868.
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