You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Continental Romania completes 33 mln euro investment project, to hire 1,000

Continental Romania completes 33 mln euro investment project, to hire 1,000 Source: Continental

BUCHAREST (Romania), June 17 (SeeNews) - The Romanian unit of German automotive parts supplier Continental said on Friday it has completed a 33 million euro ($34.7 million) investment in the expansion of its research and development (R&D) centre in Timisoara and is looking to hire 1,000.

Continental's R&D facility now has a capacity of over 1,700 employees, the company said in a press release.

"We want to take on more responsibilities and increase the number of employees in this location. At the moment, we are looking for about 1,000 new colleagues nationwide," Continental Romania country head Christian von Albrichsfeld said.

In March, Continental Romania said it has invested 200 million euro in 2021 in the country and plans to invest a similar amount this year.

At the end of 2021, Continental employed over 17,500 people in its engineering centres and production facilities in Romania, compared to 20,100 at the end of 2020. The difference is due to the separation of the Powertrain division from the Continental group in 2019. The division was renamed to Vitesco Technologies.

($= 0.951 euro)

Share this story
SeeNews in Brief

View our Newsletters

 
Compare