Overview

• Continental has announced plans to spin off its automotive parts division through an IPO, pending shareholder approval later this month.
• The company also plans to sell its Contitech division, which employs 39,000 people and generated €6.4 billion in revenue in 2024.
• These moves will transform Continental into a smaller, tire-focused company, retaining only 57,000 of its current 190,000 employees.
• Labor unions, including IG Metall and IG BCE, have criticized the restructuring, demanding stronger guarantees for job security beyond the current protections through 2026.
• The IPO for the automotive parts division is expected to proceed under a new name in September 2025, with the sale of Contitech likely to follow.