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 For Transport Equipment Manufacture Of Other Transport Equipment 30.3 - Manufacture Of Air And Spacecraft And Related Machinery
100 jobs Number of planned job creations
Announcement Date
18 October 2024
Employment effect (start)
18 November 2024
Foreseen end date
Description
Argotec, the Italian space technology firm, has announced plans to create 100 new positions at its newly inaugurated SpacePark facility in San Mauro Torinese, near Turin.
The €25 million investment in the satellite manufacturing centre aims to enhance production capabilities, with a target of producing over 50 satellites annually and to reduce significantly the production time. The facility, housed in a building originally designed by architect Oscar Niemeyer, represents a significant expansion of Italy's space industry capacity and employment opportunities in the high-tech aerospace sector.
Eurofound (2024), Argotec, Business expansion in Italy, factsheet number 202146, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202146.
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