HANOVER (dpa-AFX) - Continental and Rheinmetall have signed a letter of
intent to cooperate to partly cover Rheinmetall's fast-growing personnel
requirements in the coming years with Continental employees affected by the
transformation. Continental has already concluded cooperation agreements with
Stiebel Eltron and Siemens Mobility.

Ariane Reinhart, Executive Board member for Human Relations and Sustainability,
said: 'The profound changes in all industries can only be tackled together.
Rheinmetall is now the third company we have enlisted as part of our 'from work
to work' initiative to provide new job opportunities for employees affected by
the transformation.'

Rheinmetall noted that it targets sales growth of up to 40 percent in the
current fiscal year, with correspondingly high personnel requirements in the
longer term.



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