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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture Of Electrical Equipment
295 jobs Number of planned job creations
Announcement Date
4 December 2023
Employment effect (start)
26 October 2023
Foreseen end date
Description
A revitalization project led by Italian Green Factory, part of the Campania-based TeaTek Group, is underway at the former Naples Whirlpool site. Beginning November 7, 295 workers, previously without jobs, have been recruited for this initiative. With a substantial €72 million investment, the project aims for full operational status in 1.5 to 2 years.
In partnership with Intesa San Paolo, these employees are set to receive €874 monthly as part of their financial assistance package. This endeavor represents a significant step towards economic rejuvenation and job creation in the area.
Eurofound (2023), Italian Green Factory , Business expansion in Italy, factsheet number 200605, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200605.
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