Italy rails against company relocations in bitter election campaign [Reuters (UK)]
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Source: Reuters
Italy rails against company relocations in bitter election campaign | Reuters 4 Min Read ROME (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. Looking to halt the relocation, Industry Minister Carlo Calenda flew to Brussels to try to persuade European Commissioner for Competition Margrethe Vestager to declare Slovak enticements to Embraco
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