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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Sewerage 37 - Sewerage
150 jobs Number of planned job creations
Announcement Date
21 May 2007
Employment effect (start)
1 May 2007
Foreseen end date
31 December 2009
Description
Berlin-based waste management company Alba is expanding to become one of the leading waste management companies in Germany. After acquiring U-Plus, a subsidiary of energy company ENBW in April 2007, further acquisitions are planned. Overall sales of U-Plus, a waste management company operating in the south of Germany, trippled within three years amounting to 780 million Euro in 2006. Alba announced its plans to expand the operations of the new subsidiary – now named ‘Alba Süd’ - and to expand Alba-Süd’s current workforce of 1,200 by 150 new jobs within the next two years.
Sources
21 May 2007: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2007), Alba-Süd, Business expansion in Germany, factsheet number 65363, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65363.
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