Type
Closure
Country
Germany
Region
Baden-W├╝rttemberg; Stuttgart; Rems-Murr-Kreis
Location of affected unit(s)
Oppenweiler
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

340 jobs
Number of planned job losses
Job loss
Announcement Date
28 June 2019
Employment effect (start)
28 June 2019
Foreseen end date

Description

The German automotive supplier Continental will be closing its plant in Oppenweiler, which will result in the loss of 340 jobs. According to management, the plant has not been profitable for the past six years. All attempts to counteract this trend have been unsuccessful. Furthermore, projections for the upcoming years are expecting a significant decline in sales. Works council and management have already started negotiations on a social plan for all employees. A timeframe for the closure has yet to be published.


Sources

Citation

Eurofound (2019), Continental, Closure in Germany, factsheet number 98162, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98162.