With General Motors looking for 400 engineers to work on their advanced powertrain programs, now it's Continental's turn. With the move to limit CO2 emissions in the European Union accelerating this year, carmakers have been looking at all possibilities including ramping up hybrid and electric programs. In addition to the hardware, those vehicles require very complex control software and both of them require a lot of engineers to develop.
Continental is a major supplier of both electronic brake systems and motors and control systems for hybrids and they have apparently been asked to quote on a number of new projects in recent months. Unfortunately for them everyone of those new applications requires more engineers and right now they just don't have enough on staff. As a result Continental is turning down new programs until they can add the necessary resources.
[Source: Automotive News - Sub. req'd]