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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14.1 - Manufacture Of Wearing Apparel, Except Fur Apparel
No information on job gains number available
Announcement Date
25 October 2015
Employment effect (start)
1 January 2016
Foreseen end date
Description
OVS is an Italian company focused on garments and apparel. According to the news, national and local politicians have activated a task force which aims to enhance the backshoring of Italian companies. OVS is the second largest company in the apparel sector that is planning to backshore, and the largest producing clothing for the mid-range segment of the market. So far, only high end segment companies have reshored. As the move has just been announced, numbers are not yet known in regards to actual implementation, the number of jobs created and destroyed and the company's key motivations. Further monitoring of the case is required in this regard.
Sources
25 October 2015: La Repubblica
9 May 2016: Il Sole 24ore
Citation
Eurofound (2015), OVS, Reshoring in Italy, factsheet number 198, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/198.
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