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Expressions of Interest and Job Risk: Magneti Marelli of Crevalcore with 229 Employees

Bologna, 23 October 2023 – Five expressions of interest for the Magneti Marelli of Crevalcore who sees his job at risk 229 employees employed in the plant.

During the meeting – this afternoon in Region, in Bologna – the company announced that they arrived from players who had passed an initial evaluation phase on the robustness of the industrial plan, financial sustainability and the level of worker absorption. Two of them would be in a more advanced stage.

The solidarity of the Governor of Emilia Romagna Stefano Bonaccini with the workers of Magneti Marelli of Crevalcore in a photo from recent weeks (FotoSchicchi)

For confidentiality, no names of the possible investors yet but they are industrial entities, of different sizes, active in the casting and processing of aluminum for various sectors, starting from automotive and energy: four are Italian companies it’s a multinational.

“A very delicate and important step, which already sees industrial entities in the field with their own process and product autonomy. Thus we believe a discussion can be undertaken, starting from the labor unions, for the reindustrialisation of the site but above all for the maximum protection of all jobs”, comments the regional councilor for Economic Development and Labour, Vincenzo Colla.

Il regional table will be reconvened on November 3, in view of new meeting in Rome on 8 November with the Minister of Business and Made in Italy, Adolfo Urso, to make the point of the situation

Bonaccini and the moves of the US fund

“It’s not clear why Kkr wants to close the Crevalcore plant (by Magneti Marelli, ed.). And now he comes forward with an offer to acquire Tim. I find that this situation places an important card for Minister Urso in the hands of negotiation underway and that the withdrawal of the decision to close be put on the table.” This is what the governor of Emilia Romagna said this morning, Stefano Bonaccini, in Crespellano in the conference promoted by Confindustria Emilia-Romagna on the topic of the contribution of foreign companies to the development of the territory.

Marelli, in the Crevacore plant, employs 229 people, the site specializes in components for cars with traditional engines. Sold in 2018 by FCA to the Japanese company Calsonic Kansei controlled by US fund Kkrin recent weeks the owners have expressed their desire to close the Emilian production.

Marelli workers are still protesting in front of Crevalcore despite the suspension of the closure announced by the Japanese owners. The dispute is still open.

In recent days the binding offer had arrived from Kkr su NetCorelating to the fixed network activities of Timincluded FiberCop. The US fund also presented a non-binding offer for the Italian telecommunications operator’s participation in Sparkle.

After the presentation by the vice president of Confindustria Barbara Beltrame Giacomello and greetings from the deputy minister of business Valentino ValentiniBonaccini in the Philip Morris conference room in his speech centered on the attractiveness of the Emilia-Romagna region, recalled the 60 million euros allocated in the last legislature to support the economic system and businesses of Emilia-Romagna, funds which served “to find a positive solution to crisis of the former Saeco of Gaggio Montano and which with the same system should become state law, extended to all regions, and also adopted for the announced incomprehensible closure of the Magneti Marelli plant of Crevalcore”.

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2023-10-23 18:15:43
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