Continental separates from auto supplier division: massive changes are imminent!

Continental separates from auto supplier division: massive changes are imminent!

Hannover, Deutschland - Continental, the renowned company from Hanover, has announced significant steps to split up its car supplier division. As NDR Niedersachsen act. Group boss Nikolai Setzer mentioned that this separation creates two strong companies that are said to have more autonomy in their respective areas. In the meantime, a total of 200,000 employees are said to be globally affected, which results in profound changes in Continental.

a new chapter for the company structure

The company planned to explain the split to the employees this week, whereby Setzer emphasized that every employee in Hanover will receive a offer for a comparable function in the new structure. The reasons for the restructuring are mostly economic in nature, since the car supplier division has continuously wrote losses in recent years. This is regarded as a necessary measure to strengthen the competitiveness of the company, as well as Continental

In the course of the split, the independence of the divisions of tires and contitech is increased, Setzer continues. These areas have already become more important in their markets and are now to continue to grow in a slim holding structure by the end of 2025. Responsibility is increasingly being transferred to the corporate areas in order to be able to react faster to market needs, said the CEO. With this restructuring, Continental strives to become more flexible and more profitable.