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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
150 jobs Number of planned job creations
Announcement Date
2 January 2009
Employment effect (start)
27 February 2009
Foreseen end date
31 December 2010
Description
Arendi, a manufacturer of photovoltaic cells, is to create 150 jobs by the end of 2010 with a new plant located at Lonate Pozzoli, in the province of Varese. The plant will produce high-technology photovoltaic cells, i.e. semiconductor devices for energy by converting sunlight directly into electricity.
Arendi belongs to the Marcegaglia energy that is the business unit of Marcegaglia group dedicated to the energy sector. Marcegaglia is an industrial and financial corporation, one of the worldwide leaders in the steel and metallurgical sector. It also operates in other manufacturing fields and in tourist, financial and environmental services. At the end of 2007, the group had around 6,500 employees.
Sources
3 January 2009: Varese News
Citation
Eurofound (2009), Arendi, Business expansion in Italy, factsheet number 67802, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67802.
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