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.
Construction Specialised Construction Activities Specialised Construction Activities 43 - Specialised construction activities
700 jobs Number of planned job creations
Announcement Date
10 May 2007
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2007
Description
As it was announced on 10 May 2007, Umdasch, the Austrian construction company specialised in formwork technology and outfitting of shops, which runs about 130 subsidiaries in 60 countries all over the world, is planning to continue its business expansion course in 2007. According to these plans, after the creation of some 600 jobs worldwide in 2006, an indefinite number of additional employees will be engaged in 2007, about 100 of them at the company’s headquarters in Amstetten (Austria). The expansion policy is due to the opening up of new markets, such as the increasing numbers of petrol station shops and shopping areas set up at airports. Umdasch has announced its plans to invest 150 million Euro in 2007, half of it at its subsidiaries abroad.
Sources
10 May 2007: Der Standard
Citation
Eurofound (2007), Umdasch, Business expansion in World, factsheet number 65353, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65353.
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