Continental advances in ranking to number four in motor vehicle parts category
Global flexibility initiative supports employees work-life balance needs
Employer awards recognize company’s dedication to creating a progressive workplace
Auburn Hills, Mich., January 22, 2018 - For the second year in a row, the technology company Continental was honored as one of FORTUNE magazine’s “Most Admired Companies” for 2018, advancing from number five to number four in the motor vehicle parts category. FORTUNE magazine recognized the company for excellence in key areas including innovation, social responsibility, product & service quality, people management and global competitiveness. Continental currently employs more than 233,000 people in 56 countries.
“Continental is honored to once again be named as one of FORTUNE’s ‘Most Admired Companies’,” said Samir Salman, CEO of Continental North America. “After introducing new work-life initiatives to our employees in 2017, we are furthering our promise to provide a more flexible work environment in the increasingly technology driven automotive industry. This recognition is a testament to Continental’s constant commitment to creating a progressive workplace environment for its employees worldwide.”
Focusing on flexibility, Continental has created a global program that helps current and future employees coordinate their work and personal lives. The Future Work Flexibility initiative offers telecommuting, part-time hours, and extended sabbaticals to more than 18,000 U.S. employees. The company also increased their maternity leave program and added paid paternity leave.
“There are many opportunities to grow career-wise and personally,” said Walter Rochowiak, project manager, Continental. “We have a great work-life balance.”
Along with this prestigious recognition, Continental was also named one of “America’s Best Employers” by Forbes magazine, “Chicago’s Best and Brightest Companies to Work For” by the National Association for Business Resources and “Best Places to Work in South Carolina” by SC Biz News.
FORTUNE surveyed 680 companies from 29 different countries. The survey compiled responses from 3,900 executives, analysts, directors, and experts from different industries and used the data to generate a list of the “Most Admired Companies.” Participants were asked to rate companies from their own industries on factors ranging from global competitiveness and innovation to social responsibility and quality of management.
To be included in the list, a company must score among the top half of their industry. For more information on the FORTUNE “Most Admired Companies”, visit www.fortune.com.
Continental Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2017, Continental generated preliminary sales of around €44 billion and currently employs more than 233,000 people in 56 countries.
The Tire Division currently has more than 24 production and development locations worldwide. The broad product range and continuous investments in R&D make a major contribution to cost-effective and ecologically efficient mobility. As one of the world's leading tire manufacturers with around 52,000 employees, the Tire Division achieved sales of €10.7 billion in 2016.
Continental Commercial Vehicle Tires is one of the largest manufacturers of truck, bus and commercial specialty tires worldwide. The business unit is continuously developing from a pure tire manufacturer to a solution provider, offering a broad range of products, services and tire-related solutions.