Restructuring events
European Restructuring Monitor (ERM)
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.
The Spanish bus company Autobuses de León, a subsidiary of ALSA Group, announced that it will employ 300 new bus drivers by the end of the year, 100 of which will be hired immediately. Autobuses de León won the bid to operate the Maltese bus service, taking over from the government operated Unscheduled Bus Service which employed a total of 700 workers. Autobuses de León announced that it will provide its services under the name Malta Public Transport and will retain all workers currently employed, bringing the total number to about 1,000 employees by the end of 2015. The company will be receiving a government subsidy of €23 million this year, which will increase to €29 million next year.
Eurofound (2015), Autobuses de León (Malta Public Transport), Business expansion in Malta, factsheet number 78194, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78194.