Tyre manufacturer Continental, with turnover estimated at half a billion euros on the Romanian market, has announced it had halted any expansion plan in Romania, and that it had suspended hiring at the plant in Timisoara. The German group’s decision comes amid a 15 million-tyre overcapacity of the group in Europe, equivalent to a year and a half’s production in Romania. “We have also curbed hiring. We only hire personnel from the outside for positions that cannot be filled by people from inside the company or for project-based work,” said Continental representatives. The tyre plant has 1,350 employees, according to data supplied, with the production capacity amounting to around 13 million units. “The working hours are the regular ones, but one cannot talk about a rebound of the market,” added company representatives.
 

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