Italian Government and Dana Group to Monitor Future of Italian Sites and Sale Process
January 23, 2025, Rome – On Monday, the Italian Ministry of Economic Development (MIMIT) and the Dana Group announced a joint initiative to monitor the future of Dana’s Italian sites and the ongoing sale process.
The monitoring process will be carried out by a technical committee composed of representatives from the ministry, Dana Group, trade unions, and territorial authorities. It will focus on the following key aspects:
- Evaluating the potential impact of the sale process on employment and the local economy
- Ensuring the continuity of essential services at the Italian sites
- Identifying opportunities for new investments and development in the affected areas
In a joint statement, MIMIT Minister Giancarlo Giorgetti and Dana Group CEO Jim Kamsickas emphasized their commitment to a transparent and constructive dialogue with all stakeholders. They stressed the importance of preserving the long-term viability of these sites while also ensuring the integrity of the sale process.
The Dana Group, a leading global supplier of driveline and sealing solutions, has been operating in Italy for over 60 years and employs approximately 2,000 people at its plants in Turin, Pado, and Vicenza. The company announced its intention to sell its automotive business, including its Italian operations, in May 2024.
The sale process is currently underway, with several potential buyers expressing interest. The monitoring committee will work closely with the relevant parties to ensure that the sale proceeds in a fair and orderly manner.
The Italian government has a strong interest in protecting the interests of its workers and the local communities affected by the sale. The monitoring process will provide a platform for continuous dialogue and collaboration between all stakeholders, ensuring a smooth transition and a positive outcome for all parties involved.
Gruppo Dana, MIMIT: al via monitoraggio sul futuro dei siti italiani e sul processo di vendita
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