Continenal AG (soon to be Schaffler) falling fast with the auto industry
Pros
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.
Cons
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.
