Building Energy Spa, whose major shareholder is transatlantic investment firm Aretex Capital Partners, has decided to lay off 28 employees in Italy.
Dismissal proceedings have already started, according to Italian trade union FIOM.
“We asked the CEO of Building Energy Spa to withdraw the dismissal procedure and search for alternatives to [closing] the business but our request has been sent back to the sender,” the trade union said. “Now the negotiation is transferred to the Ministry of Labor.”
Italian renewables developer Building Energy has not responded to pv magazine’s request to explain the reasons for the move.
Aretex acquired a majority stake in Building Energy in August 2018. “We have developed a strong relationship with Building Energy over the last year and are pleased to maintain our investment and interest in our new capacity as Aretex Capital Partners, and are certain that Building Energy will continue to play a significant role in our portfolio,” said Aretex co-founder and managing partner Sergio D’Angelo at the time. “Supported by our team, the company can continue to make significant progress and further benefit from the global reach that Aretex Capital Partners brings.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.