Albany International to Consolidate Italy Manufacturing Operations-March 2024-www.financetom.com

Albany International to Consolidate Italy Manufacturing Operations

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Albany International to Consolidate Italy Manufacturing Operations

Feb 14, 2025 5:33 AM

08:05 AM EST, 02/14/2025 (MT Newswires) -- Albany International's ( AIN ) Albany International Italia affiliate said Friday that it will begin consultations with employee representatives about its decision to discontinue manufacturing operations at a facility in Ballo, Italy.

The company said it plans to relocate operations to a Merone, Italy facility owned by Industrie Tessili Bresciane, another Albany International ( AIN ) affiliate.

The consolidation must meet legal requirements and will have an impact on employees, who will be offered transfers or other options, the company said.

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