2024-06-14 10:18:31
Protection group Rheinmetall has seen demand rise as nations rush to re-arm after Russia’s invasion of Ukraine.
It’s establishing new factories and mentioned in March it’s concentrating on a file €10 billion in gross sales this yr.
In distinction Continental, which makes tires and provides auto components, is within the technique of chopping over 7,000 jobs worldwide because it faces intense competitors and a difficult shift to electrical automobiles.
The businesses mentioned they’d reached an settlement “to cowl the pressing staffing necessities of Rheinmetall within the coming years with Continental workers affected by the change” within the automotive sector.
As a primary step, as much as 100 employees from Continental’s Gifhorn plant in northern Germany, which is scheduled to shut in 2027, will take jobs with Rheinmetall at a close-by website, they mentioned.
Occasions can be organized elsewhere in Germany the place workers can discover out about profession alternatives at Rheinmetall.
Rheinmetall is the third firm that Continental has signed as much as its initiative to assist employees discover new jobs.
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“Massive adjustments in all industries will be confronted collectively,” mentioned Continental human sources chief Ariane Reinhart.
Peter Sebastian Krause, who’s answerable for human sources at Rheinmetall, mentioned that Continental is the “greatest match” for the protection group.
Rheinmetall expects gross sales progress of as much as 40 p.c within the present fiscal yr. Rising demand means the corporate wants to rent employees rapidly, at a time when Germany is affected by a scarcity of expert employees.
Promoting
In a rustic nonetheless haunted by the post-World Battle II guilt, Germany’s arms producers had been for years not probably the most celebrated corporations.
Europe’s high financial system desires to showcase well-known automobile operators or business giants.
That has began to vary since Russia invaded Ukraine in 2022, as demand for army tools boosted the financial system of the arms business.
READ ALSO: What a Russian victory in Ukraine will imply for Germany
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