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 Swiss group Carlo Gavazzi, which manufactures electronic and electro-mechanical control components, announced that it will be progressively reducing its workforce with the aim of eventually closing production in Malta. The production will be offshored primarily to the company's Chinese and Mexican locations. The General Workers Union (GWU), which represents many workers there, stated that the closure of the Maltese plant will be phased over several months, but that there will not be any redundancies for at least seven months.
Several reasons were given for this closure, including external constraints, the need to consolidate operations across its various international locations, rising costs, and difficulties in recruiting skilled workers. The Maltese plant has faced financial challenges in the past, including during the 2008 financial crisis; however, in 2006, the Group designated Malta as one of its principal production locations.
The GWU, the UHM - Voice of the Workers, which also represents workers there, and the Government all announced that they are working to ensure that the affected workers find alternative employment. The company also stated that it was in discussions with the government and employee representatives to reduce the impact on the affected employees.
Eurofound (2025), Carlo Gavazzi , Offshoring/Delocalisation in Malta, factsheet number 203243, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203243.
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