Restructuring events
European Restructuring Monitor (ERM)
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.
Prada, an Italian producer of luxury clothes and goods, has announced that it will employ 500 people in Italy in 2014. An additional 1,000 people will be employed in Italy before the end of 2016.
The jobs are being created as a result of Prada’s business expansion and the group will open four new sites in Italy. The majority of the new jobs created in Italy will be either corporate or in manufacturing: a logistic centre and a leather-working site will be opened in Tuscany, a shoe factory in Veneto and a clothes factory in Marche.
As reported, the “Prada Technical Academy” will also be created in Tuscany in 2015. The Academy is expected to train 60 young people each year. Prada is also expanding its world operations.
Eurofound (2014), Prada, Business expansion in Italy, factsheet number 76850, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76850.