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 Green Factory, part of the Tea Tek group, has declared a significant investment plan totaling 70 million euros for the redevelopment of a previously closed factory in Naples Whirlpool 2021 - IT. This initiative is set to employ about 300 workers from the previous workforce, providing them with new roles and training at the revamped facility.
Italian Green Factory focuses on relocating critical production processes to Italy in the renewable energy sector, striving to be a pivotal entity in the nation's energy transition efforts.
The firm has set an ambitious timeline to finish all renovations and operational enhancements at this site within a 24-month period
Eurofound (2024), Italian Green Factory, Business expansion in Italy, factsheet number 201072, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201072.