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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.3 - Other passenger land transport
1,100 jobs Number of planned job creations
Announcement Date
20 November 2010
Employment effect (start)
3 July 2011
Foreseen end date
Description
Arriva (Malta) - a consortium formed from Arriva Deutschland a subsidiary of the German multinational Deutsche Bahn and Tumas Group - has sealed a ten year agreement with the Maltese government to be Malta's main public transport service provider. Arriva (Malta) shall invest €40 million and plans to employ 1,100 workers, which is more than double the number currently employed in the public transport sector.
The agreement between Arriva and Transport Malta was signed on Saturday 20th of November thus marking the beginning of a new bus service which start operating on July 3rd 2011.
Sources
20 November 2010: Times of Malta
Citation
Eurofound (2010), Arriva (Malta), Business expansion in Malta, factsheet number 71210, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71210.
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