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.
Fly, a manufacturer of metal components owned by Forgital Group, announced its intention to hire about 100 workers by the end of 2020 at its site in Grigno (Trento).
The Forgital Group chose the Trentino Alto Adige region to start a new industrial activity in 2008. Since then, there has been a constant increase in the volume of sales and employment levels.The hirings are part of the business plan, that envisages about €27 million investments for the construction of a new plant expected to produce components for air vehicles and launch vehicles.
Local authorities, which own a share capital of the company, will also contribute to the investment, and they hope that the area will become an international excellence centre in the aerospace sector in a few years.
The open positions are mainly for specialised welders and qualified blue–collar workers, giving priority to young people and redundant workers enrolled in redundancy schemes, so called mobility lists.
Eurofound (2016), Fly, Business expansion in Italy, factsheet number 87324, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87324.