More eurozone firms move back home as offshore costs rise
Italy tops list with 44 companies; clothing, footwear and electronics firms lead 'reshoring'
Tue, Dec 02, 2014 - 5:50 AM
Batteries being prepared at FIAMM's factory in Avezzano, near L'Aquila, Italy. The company decided to keep this factory open after an earthquake in 2009 after it shut one of two plants in the Czech Republic five years ago.
AFTER years of moving production to Asia, some European companies are following the example of their US counterparts and coming home.
Decisions by the likes of Italian leather goods brand Piquadro SpA and battery maker FIAMM SpA to boost production at home do not mark a...