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 (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
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://apps.eurofound.europa.eu/restructuring-events/detail/85239.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...