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| Italy points to “illegal state aid” as Embraco announces relocation to Slovakia |
| Bratislava, 21.02.2018 |
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| The decision to shift production follows in the footsteps of US conglomerate Honeywell, which reportedly also plans to close its Italian plant and move to Slovakia.
Slovakia has become involved in the Italian election campaign. Following the information that Embraco plans to shift production to the country, the Italian industry minister claimed that European Union rules are helping less wealthy nations swipe jobs from their bigger partners, the Reuters newswire reported.
Embraco, a Brazil-based firm controlled by US domestic-appliance giant Whirlpool, has announced it will close a factory in northern Italy that makes compressors for fridges, at a cost of 497 jobs, and relocate to eastern Europe.
Confirmation of the move came on February 19, less than two weeks before a March 4 election, and was seized on by opposition parties like the far-right League, which have long blamed the EU for Italy’s many economic woes, Reuters reported.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
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