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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
170 jobs Number of planned job creations
Announcement Date
13 December 2006
Employment effect (start)
Foreseen end date
31 December 2009
Description
On 13 December 2006, Mitec, a manufacturer of parts for motor vehicles and their engines, announced to create 170 new workplaces at its site in Eisenach. The new jobs shall be created till 2009. As part of its business expansion strategy, the establishment wants to invest 85 million Euro into the mentioned site to produce its new line of drive technologies. In 2005, Mitec employed approximately 900 people in Germany.
Sources
13 December 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Mitec Automotive AG, Business expansion in Germany, factsheet number 64616, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64616.
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