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.
Continental Automotive Lithuania, a company producing car electronic components and sensors designed to increase car comfort and safety in the outskirts of Kaunas, is going to hire up to 100 employees from nearby Jonava city by the end of 2023.
In 2022, Continental Automotive Lithuania carried out an internal restructuring and completed the first stage of business expansion, according to company's representatives. Currently Continental is planning a second phase of expansion.
On April 11, a meeting was held between the mayor of the municipality of Jonava district and the manager of Continental Automotive Lithuania. During the meeting parties discussed the possibilities of cooperation and mobility of Continental's employees living in Jonava. The company estimates that this year it could employ up to 100 more workers from Jonava (currently it employs about 60 people from Jonava city), and in the next three years the number of people coming to work from the Jonava district could reach 300 or more.
Eurofound (2023), Continental Automotive Lithuania, Business expansion in Lithuania, factsheet number 108795, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108795.