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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
190 jobs Number of planned job creations
Announcement Date
13 May 2008
Employment effect (start)
Foreseen end date
31 December 2011
Description
Fomas, which forges products and rolls rings, in steel and non-ferrous alloys, destined mostly for power generation, oil and gas, industrial bearings and transmission markets, is to create 190 new jobs. The company has announced the 2008-2012 business plan that envisages new investments in the Osnago plant (in the province of Lecco), with the consequent creation of 60 new jobs, and in the Villamarzana plant (in the province of Rovigo), with the creation of 130 new jobs. In particular, the plan envisages a new lay out for the Osnago plant, while a new modern plant will be built at Villamarzana.
The Fomas group is a world leader in open-die forging and ring rolling technology. It is headquartered at Osnago and it has factories located in Italy, France, India and China, with a global workforce of around 1,200 employees. In Italy, the Fomas group has around 700 employees.
Sources
14 May 2008: Il Sole 24 Ore
Citation
Eurofound (2008), Fomas, Business expansion in Italy, factsheet number 66651, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66651.
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