Abandoning traditional business and adjusting organizational structure of continental group

Posted 2024-10-16 00:00:00 +0000 UTC

The auto industry is transforming into electric travel, and the supervisory board of continental group recently approved the organizational structure adjustment plan of its four production bases. At the same time, the board of supervisors approved the decision to stop developing the business of gasoline and diesel engine hydraulic components in the next few years. According to the plan, the production base of Roding in continental Germany will stop producing and developing hydraulic components of gasoline and diesel engines (high-pressure pumps) in 2024, and about 520 jobs will be affected at present; the mainland is located in Newport, Virginia, USA News production base will be closed in 2024, with about 720 employees; Germany's limbach oberfrohna production base will stop the business of diesel engine (injector) hydraulic parts in 2028, with about 860 jobs affected; Italy's Pisa production base will gradually stop the production of gasoline (injector) hydraulic parts in 2023-2028, with about 750 employees at present Jobs will be affected. In addition, babenhausen production base in Germany plans to gradually stop the production of display screen and controller products by the end of 2025, and some R & D projects will be transferred to other production bases by the end of 2021. Continental believes that this decision is necessary due to the accelerated transformation of the industry from analog technology to digital technology, and the increasingly severe competitive environment and sharply rising costs. "At present, the company has made good progress in technology transformation, focusing rapidly and accurately on profitable growth areas, including auxiliary, automatic and Internet driving; providing services for mobile travel companies; business, industrial and end-user business." "These plans will strengthen the group's long-term competitiveness and ensure its future profitability," said Elmar degenhart, chief executive of continental At the same time, Continental will look for more internal job opportunities with its employees in the process of transformation. The company recently established the continental Institute of technology and change (citt), which provides tailor-made training, lectures and continuing education courses for employees and supports employees affected by structural adjustment.

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