EMCC European Monitoring Centre on Change

Ista

Company/Organisation:
Ista

Geographic Location

Country: Germany

Company

Sector: Administrative services
Administrative and support service activities
81.10 - Combined facilities support activities
Number Employed: 5000
Group: CVC

Employment Effects

Announcement Date: 28-03-2017
Type of Restructuring: Business expansion
Employment Effect Start: 28-03-2017
Foreseen End Date: 28-03-2027
Planned Job Creation: 1000

Additional Information

On 28 March 2017, German heating meter and billing Services Company Ista announced to create between 500 and 1,000 new jobs within the next ten years. Ista is a subsidiary of the Luxembourg investment company CVC which is expected to soon sell Ista to long-term investors.

Although there is a trend towards wireless reading of heating costs and therefore less staff will be needed, Ista is expecting to increase their staff members by 10 to 20%. This is due to the  growth of about 50,000 new residential units per year.

Ista is the second biggest Provider for heating meter and billing Services in Germany and currently employs about 5,000 staff members.