|
contents | business | |||||||||
| Strabag output volume falls 2 % Strabag SE, Central and Eastern Europe's largest construction company, generated an output volume of € 12.8 billion in the 2010 financial year. As expected, the output volume thus is slightly below (-2 %) the previous year's figure and very close to the official company forecast of € 12.9 billion. The order backlog reached € 14.7 billion, which corresponds to growth of 6 % over the previous year – a new record high at year's end. Contributing to the development was the expansion in northern European markets and the Middle East as well as the acquisition of Austria's largest construction order, the Koralm Tunnel, and the rising demand in Russia. With the lower output volume and due to the structural and, as a result, lasting workforce reductions in Slovakia and the Czech Republic, the workforce levels fell by 3 % to 73,600 persons. Significant changes to the workforce structure also occurred in Poland, where the higher order situation led to the hiring of around 1,300 additional employees. On the other hand, the workforce was reduced the Middle East due to the fact that some large-scale projects had been finalised. write your comments about the article :: © 2011 Construction News :: home page |