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.
Transport provider Genco Carmela & Figli is to hire 127 workers in the province of Vibo Valentia.
The company signed an agreement with Invitalia, the national agency for investment promotion and enterprise development, with a view to boosting tourism in the area.
The worth of the investment is €20 million, of which €14 million are provided by Invitalia in forms of subsidies.
According to the investment plan, the company will extend its activities to accommodation and care services. In particular, the plan entails the development of a residential care home in Serra San Bruno, a conference centre in Vibo Valentia and two luxury hotels in Ricadi and Pizzo Calabro respectively.
Eurofound (2016), Genco Carmela & Figli, Business expansion in Italy, factsheet number 88019, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88019.