Company detailsCode: OVSStatus: Work in progressCompany name: OVSCompany country: ItalyNumber of employees: 3795Sector: C - ManufacturingSector detail: C14 - Manufacture of wearing apparelSub-sectors: C14.1 - Manufacture of wearing apparel, except fur apparel Reshoring detailsReshoring announcement date: 25/10/2015Starting implementation date: January, 2016Reshored to: ItalyLocation of affected unit(s): PugliaLocation code: ITF4Reshored business function: ProductionPartial or Total reshoring: PartialReasons for reshoring: Government support to relocationCase narrative: OVS is an Italian company focused on garments and apparel. According to the news, national and local politicians have activated a task force which aims to enhance the backshoring of Italian companies. OVS is the second largest company in the apparel sector that is planning to backshore, and the largest producing clothing for the mid-range segment of the market. So far, only high end segment companies have reshored. As the move has just been announced, numbers are not yet known in regards to actual implementation, the number of jobs created and destroyed and the company's key motivations. Further monitoring of the case is required in this regard. Sources: La Repubblica, 25 October 2015 Il Sole 24ore, 09 May 2016 Sources link: La Repubblica, 25 October 2015 Il Sole 24ore, 09 May 2016 Offshoring detailsOffshoring date: 2008Offshoring governance mode: Third party (external suppliers)Reason for offshoring: Labour costs
