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Monday, 1 December 2014

Euro zone companies come home as Asian costs rise

An employee prepares FIAMM batteries, in this photo illustration taken at the battery maker's factory in Avezzano, near L'Aquila By Valentina Za MILAN (Reuters) - After years of moving production to Asia, some European companies are following the example of their U.S. 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 reversal of the "off-shoring" phenomenon that has shaped global business for two decades. But companies are tiptoeing back to their home regions, driven by rising salaries in China that are eating away at the profit margins that once lured them abroad. ...








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