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.
Serra San Bruno , Ricàdi, Vibo Valentia, Pizzo Calabro
Sector
Hotel / Restaurants Accommodation And Food Service Activities Accommodation 55.10 - Hotels and similar accommodation
127 jobs Number of planned job creations
Announcement Date
6 June 2016
Employment effect (start)
Foreseen end date
30 June 2017
Description
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.
Sources
6 June 2016: Invitalia - press release
6 June 2016: Milano Finanza
8 June 2016: Avvenire
Citation
Eurofound (2016), Genco Carmela & Figli, Business expansion in Italy, factsheet number 88019, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88019.
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