Continenal AG (soon to be Schaffler) falling fast with the auto industry - Recensione dipendente - Mechanical Engineer presso Continental

2,0
4 apr 2009
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Good healthcare benefits, Good Vacation - 3 weeks of vacation first year, 11 paid holidays, Flex-time, on-site gym, very nice work facilities, professional people. Used to be a good company to work for, but things have changed with all the auto industry problems.

Svantaggi

Continental AG (recently purchased by Schaffler) is a German company in the automotive supplier industry, and is strapped with a lot of debt. As an auto supplier business has been crushed. Cutbacks have been severe including: layoffs, 5% mandatory paycut for everyong, 401K match discontinued, forced week/two week shutdowns that have to be taken without pay unless you have enough saved PTO (most non-management don't). These shutdowns/unpaid time off for everyone can easily mean an additional 3%/4% annual paycut, depending on how much you make. The DeerPark branch is formerly Motorola Automotive, and much of management treats employees like Motorola does, which is: take anything management dishes out or risk being laid off.

Esplora altre recensioni su Continental

5,0
1 mag 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great benefits, two week pto, 10 paid holidays

Svantaggi

Not enough staff in the call center

4,0
30 mag 2026
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great work life balance and culture. If you want to work at a place that will provide a low stress, flexible position with amazing people, this place is no doubt one of the best in that area.

Svantaggi

Pay is low compared to other companies in the area and the cost of living in the area is high. They seem to be outsourcing jobs to cut costs, so job security is not the best right now.

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