Restructuring events
European Restructuring Monitor (ERM)
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.
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://apps.eurofound.europa.eu/restructuring-events/detail/107001.
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