The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
100 jobs Number of planned job creations
Announcement Date
26 October 2015
Employment effect (start)
26 October 2015
Foreseen end date
31 December 2016
Description
Cotesa, German engineering company with specialisation in fibre composite materials for the automotive and aviation industries, will create 100 jobs in Mochau by the end of 2016. The company is currently investing €10 million in new facilities in the area. New employees will work for its laminating, mechanical processing, CNC milling machine, painting and assembly line department. The company has purchased a 15,000 square-metre production site further to its site in Mittweida, in order to supply the French aerospace and aviation company Airbus. The acquisition will double the company's production capacity once operational.
Cotesa was founded in 2002 and headquartered in Mittweida. Currently, 500 employees are working for Cotesa. In 2014 the company announced its plans to create 200 additional jobs within the next four years.
Sources
26 October 2015: Leipziger Volkszeitung Online
26 October 2015: Sächsische Zeitung Online
Citation
Eurofound (2015), Cotesa, Business expansion in Germany, factsheet number 85239, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85239.
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