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.
Italian company Badinotti, one of the largest producers of nets for industry and sports, decided to relocate its production to Slovakia. Badinotti will invest more than SKK 150 million in order to increase its competitiveness in the world market, especially against Asian producers. According to Badinotti Slovakia's CEO Paolo Tizzoni, company management decided for Slovakia because of its suitable geographic location, availability of cheap workforce and a favourable business environment. Badinotti's nets production technology is rather labour demanding and around 190 new jobs will be created in the new production plant. Badinotti plans to produce more nets there than in Italy. The company management would like to achieve an annual turnover of about SKK 500 million in the new subsidiary. The company has not asked for any state aid yet.
Eurofound (2006), Badinotti Slovakia, Business expansion in Slovakia, factsheet number 64095, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64095.
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