Continental AG is considering the elimination of up to 1,500 jobs at the ContiTech division, following previous layoffs in Romania.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
Continental AG, a German manufacturer of automotive components and tires, is analyzing the possibility of reducing up to 1,500 jobs in its rubber and plastics products division, ContiTech. This comes in the context of previous layoffs, including 640 jobs affected in Romania, as well as 230 jobs from the ContiTech Original Equipment Solutions factory in Timișoara. The company has announced its intention to sell the ContiTech division to focus on tire production, aiming for annual savings of 150 million euros by 2028. Continental had previously planned to eliminate approximately 10,000 jobs globally, and the IGBCE union has criticized the new measures as a breach of trust in the restructuring process. In Romania, Continental remains a major employer, with about 20,000 employees.
Sources
Latest News
21:43
Raphaël Glucksmann will run in the presidential elections in France in 2027
21:20
A few hundred people gathered in Victory Square in Timișoara to support Mayor Dominic Fritz.
21:12
Interim Prime Minister Ilie Bolojan, about the salary law: "This proposal must be made in such a way that it can be supported by the Romanian economy from the state budget."
21:02
Interim Prime Minister Ilie Bolojan criticizes the "Fritz amendment" from the Integrity Law: "Voting on a PNRR milestone does not mean using it as a political club."
20:54
Ilie Bolojan criticized the statements of former minister Ivan regarding the disconnection of industrial consumers from the National Energy System, emphasizing that the notifications are part of a legal procedure.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
.webp)
.webp)
