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 35.30 - Steam And Air Conditioning Supply
300 jobs Number of planned job creations
Announcement Date
8 April 2024
Employment effect (start)
8 April 2024
Foreseen end date
Description
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201072.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
