Cotesa

Type
Business expansion
Country
Germany
Region
Sachsen; Chemnitz; Mittelsachsen
Location of affected unit(s)
Mittweida
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
30.3 - Manufacture of air and spacecraft and related machinery
200 jobs
Number of planned job creations
Job creation
Announcement Date
2 September 2014
Employment effect (start)
2 September 2014
Foreseen end date
2 September 2018

Description

As announced on 2 September 2014, aerospace industry supplier Cotesa is planning to create 200 additional jobs within the next four years.

Cotesa specialises in the production of fibre composite parts. Airbus is the company’s main costumer. The job creation is due to a strong increase of sales with turnover having quadrupled to €30 million since 2010.

Sources

  • 2 September 2014: Freie Presse Online

Citation

Eurofound (2014), Cotesa, Business expansion in Germany, factsheet number 77527, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77527.