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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
40 jobs Number of planned job creations
Announcement Date
25 March 2021
Employment effect (start)
25 March 2021
Foreseen end date
31 December 2021
Description
Germany's automotive component production giant Continental is to create around 40-50 new jobs in its subsidiary in Kaunas by the end of 2021. After more than three years of operation in Lithuania, Automotive Continental Lithuania plans to increase production capacity in Kaunas and will start a new development project with an investment of more than €90 million. The company plans to create 500 new jobs and reach a total of 1,500 employees by 2025. Currently the company employs 326 employees.
Continental is a German multinational automotive parts manufacturing company that was founded in 1871. It offers solutions for vehicles, machines, traffic and transportation. The company employs around 241,000 employees worldwide.
Eurofound (2021), Continental Automotive Lithuania, Business expansion in Lithuania, factsheet number 103978, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103978.
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