Italy rails against company relocations in bitter election campaign [Reuters]
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Source: Reuters
Italy rails against company relocations in bitter election campaign | Reuters Reuters Staff 4 Min Read * Embraco to sack 497 Italians and move to Slovakia * Italy says EU funding favours poorer nations * Opposition leaders accuse government of complacency By Crispian Balmer ROME, Feb 20 (Reuters) - European Union rules are helping less wealthy nations swipe jobs from their bigger partners, Italy’s industry ministry said on Tuesday, as plans by a multinational to shift production to Slovakia took centre stage in the national election campaign. Embraco, a Brazil-based firm controlled by U.S. 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 Monday, 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. Loo
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