OVS

Type
Reshoring
Country
Italy
Reshoring from
Reshored business function
Production
Region
Sud; Puglia; Bari
Location of affected unit(s)
Puglia
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
14 - Manufacture of wearing apparel
14 - Manufacture of wearing apparel
No information on job gains number available
Announcement Date
25 October 2015
Employment effect (start)
1 January 2016
Foreseen end date

Description

OVS is an Italian company focused on garments and apparel.  According to the news, national and local politicians have activated a task force which aims to enhance the backshoring of Italian companies. OVS is the second largest company in the apparel sector that is planning to backshore, and the largest producing clothing for the mid-range segment of the market. So far, only high end segment companies have reshored. As the move has just been announced, numbers are not yet known in regards to actual implementation, the number of jobs created and destroyed and the company's key motivations. Further monitoring of the case is required in this regard.

Sources

  • 25 October 2015: La Repubblica
  • 9 May 2016: Il Sole 24ore

Citation

Eurofound (2015), OVS, Reshoring in Italy, factsheet number 198, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/198.