Continental merges Hungarian units

Conferences

German automotive company Continental AG on November 1 merged Hungarian units Temic Hungary Kft and Continental Teves Magyarország Kft into a single unit called Continental Automotive Hungary Kft, the company announced on Wednesday.

Continental said that the company merged the units located in Budapest and Veszprem (C Hungary) in order to streamline the company's operations in Hungary.

The merger would have no impact on the organizational structure of either unit nor would result in the layoff of the 3,000 employees working at the units, Continental said.

ADVERTISEMENT

Gen Gov't Finishes January Close to HUF 144 bln in the Red Debt

Gen Gov't Finishes January Close to HUF 144 bln in the Red

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

Futureal Integrates Commercial Development, Asset Management... Residential

Futureal Integrates Commercial Development, Asset Management...

Nyugati Renovation Continuing City

Nyugati Renovation Continuing

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.