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.
Automobili Lamborghini, an Italian based luxury car manufacturer, has started to hire 500 workers at the factory of Sant'Agata Bolognese, in Emilia-Romagna. The company intends to increase significantly the production capacity of the site in order to manufacturer a new SUV, Urus, which is expected to be launched on the market in 2018. The decision follows an agreement signed in May with the Italian government and local authorities.
Subsidies from local authorities amounting to up to 20 EUR million from EU structural funds are aimed at supporting the company’s R&D activities, training for workers, and other investments for safeguarding the environment, reducing consumption and improving logistics and electronic infrastructures. In addition, the Italian Government is to provide financial support worth up to 50 EUR million. According to media reports, the agreement was decisive for the localisation of the investment in Italy rather than in Bratislava (Slovakia), where the investment was initially planned. Unions expressed satisfaction with the decision, resulting from 'a constructive industrial relations climate'.
Eurofound (2015), Automobili Lamborghini, Business expansion in Italy, factsheet number 84774, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84774.
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