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 - Manufacture of other transport equipment
150 jobs Number of planned job creations
Announcement Date
9 March 2007
Employment effect (start)
9 March 2008
Foreseen end date
9 March 2008
Description
Seaway, a Slovenian company producing sailing boats and yachts, has announced that it is to create 150 new jobs with the development of a new production site in Monfalcone by 2008.
The new site will produce larger yachts of up to 50 meters long and the investment will be EUR 15 million.
The reasons why the company decided to invest in Monfalcone instead of Slovenia are easier access to land and cheaper land, better transportation facilities (problems with the transport of yachts longer than 25 meters in Slovenia), excellent geographic position of Monfalcone with good logistic connections, long shipbuilding tradition in Monfalcone with availability of skilled workers, investment incentives of the Italian government (subsidizing of land acquisition, R&D activities and creation of new jobs), and favourable interest rates.
Sources
9 March 2007: Finance
9 March 2007: Delo
Citation
Eurofound (2007), Seaway, Business expansion in Italy, factsheet number 65050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65050.
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