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.
The food company Buitoni, part of the multinational group Nestlè, announced the creation of 150 jobs at its branch in Benevento. The job creation will be completed by the end of 2020.
The hirings are part of an investment plan which aims at transforming the plant into the company's global hub for frozen pizza production. The start of the two new, highly automated production lines, which will flanck the existing one, is scheduled for September 2018. Production capacity will move from 5,000 frozen pizzas per day to 350 per minute, that is around 25,000 per day.
This investment benefited from public incentives as part of a development contract signed by the company with the national and regional governments and the public investment company Invitalia.
The 20 first new hirings took place in December 2017. Before then the plant employed 100 workers.
Eurofound (2017), Buitoni, Business expansion in Italy, factsheet number 94431, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94431.