SAN BIAGIO STAMPA

Year:
2015 – 2016

Type of intervention: Integrated Reindustrialization and Outplacement

The company: The company is active in the printing of newspapers and periodicals, especially of the “Il Secolo XIX”, one of the main Italian newspaper. In Italy, the publishing group boasts an organic of more than 200 employees.

Why
we
intervened

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Due to a merger and a re-shaping process of the productive orders, it was necessary to cease the activities in the plant of Bolzaneto (Genoa) and to find an industrial continuity solution for the productive complex and its 50 employees involved.

How
we
intervened

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-Assessing feasibility and reindustrialization project;

-National and international research of potential incoming entrepreneurs;

-Assistance in the designing of the operation and in the definition of the related structure;

-Assistance in the due diligence activities;

-Assistance in the negotiations with the various counterparts involved;

-Outplacement activities on collective basis.

The outcome

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We identified some entrepreneurs interested in taking over. The lack of fungibility of the plant and the too high price request for the real estate did not allow to positively conclude the agreement. A large percentage of workers were outplaced in other business entities in the neighborhoods.