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
350 jobs Number of planned job creations
Announcement Date
10 May 2007
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2007
Description
Umdasch Group, the Austria-based construction company specialised in formwork technology and outfitting of shops, is planning to continue its business expansion. As it was announced on 10 May 2007, the company, headquartered in Amstetten, Niederösterreich, is expecting to create 100 new jobs at the plant located in Amstetten before the end of 2007. This follows the creation of 250 new jobs in 2006. The expansion 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 is planning to invest 150 million Euro in 2007, half at its subsidiaries abroad.
Sources
10 May 2007: Der Standard
Citation
Eurofound (2007), Umdasch, Business expansion in Austria, factsheet number 65352, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65352.
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