Postbus und Bahnbus

Type
Merger/Acquisition
Country
Austria
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.3 - Other passenger land transport
170 jobs
Number of planned job losses
Job loss
Announcement Date
10 March 2005
Employment effect (start)
10 March 2005
Foreseen end date
1 January 2008

Description

In 2003, the whole of the state-owned Postbus company, Austria's largest bus operator which runs a large proportion of regional bus services, was sold to the state-owned Austrian Federal Railways (ÖBB), which runs its own smaller bus fleet (i.e. Bahnbus). The government's aim was to merge these bus operators under the umbrella of ÖBB in order to reduce excess capacities. As a consequence, the ÖBB management, in March 2005, announced that in the course of the ongoing merger process some 170 additional redundancies (after 480 in the 2001-2003 period) will take place until 2008, affecting, in particular, administration and workshops.

Sources

  • 10 March 2005: Wirtschaftsblatt

Citation

Eurofound (2005), Postbus und Bahnbus, Merger/Acquisition in Austria, factsheet number 61295, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61295.