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 Tobacco Products Manufacture Of Tobacco Products 12 - Manufacture of tobacco products
600 jobs Number of planned job creations
Announcement Date
11 January 2014
Employment effect (start)
Foreseen end date
Description
Philip Morris, the multinational company leader in the tobacco sector, has announced to invest up to €500 million in a reduced-risk product manufacturing facility near Bologna.
The new plant should be fully operational by 2016. A pilot plant is already near completion and will serve as the production facility for pilot and initial market launches. In total 600 new jobs are going to be created in both sites.
The ERM has also reported on restructuring at Philip Morris worldwide and in the Netherlands in 2014.
Sources
11 January 2014: Il Resto del Carlino
Citation
Eurofound (2014), Philip Morris, Business expansion in Italy, factsheet number 76425, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76425.
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