German giant Continental Ag. to create 7,000 new jobs image

Continental AG, the leading German automotive manufacturing company specializing in tires, brake systems, automotive safety, powertrain and chassis components said it plans to increase its employee count by around 7,000 in 2014 – from 178,000 in 2013 to 185,000 by the end of the year.

The company said it plans to increase sales by 5 percent this year, from 33 billion euros to around 35 billion euros.

The Hanover based giant added 1,800 new jobs in China, 1,500 in the U.S and approximately 1,500 in Romania at Iasi, Brasov, Sibiu and Timisoara.

“Our goal in 2014 is to further develop in the growth markets,” Elke Strathmann, Continental Executive Board member responsible for HR said.

Last week Conti said it plans to invest more than 1 billion euros ($1.38 billion) by 2016 under a new investment programme. It would be the largest investment programme made by the German giant – and most of the money are expected to be spent on a new plant construction and extension as well as high-tech testing and production capacities.

Back in 2007 Continental bought Siemens VDO Automotive AG from Siemens AG, for 11.4 billion euros. It was the largest acquisition in the history of auto suppliers.
With sales of around 33.3 billion euros in 2013, Continental is one of the world’s leading automotive suppliers. Worldwide the company employs more than 170,000 workers.