Carlo Gavazzi Limited Announces eventual Closure of Operations in Malta

Following a comprehensive review of its financial and operational position, Carlo Gavazzi Limited announces a restructuring exercise which shall lead to a progressive reduction and eventual closure of operations in Malta.

The company announced that this development is shaped by external constraints and the need to consolidate operations across its global footprint. This reflects a combination of long-term challenges, including year-on-year revenue pressures driven by rising global costs—such as tariffs, supply chain expenses, and ESG-related requirements—the increasing need for regionalization of the business, highly competitive landscape for recruiting skilled talent in Malta, and the ongoing consolidation and restructuring of the Carlo Gavazzi Group.

While this decision will bring the Group’s longstanding presence in Malta to a close, it does so with deep appreciation for the decades of collaboration with the Maltese Government and the dedication of its local workforce. Carlo Gavazzi is grateful for the close collaboration that characterised its operations in Malta over the years and is committed to ensuring that this process is conducted in a transparent and respectful manner. 

“We are approaching this process with care and respect for all those affected” explains the Group Chief Executive Officer. “Our priority is to ensure that the process is conducted in a fair and dignified manner, with open dialogue and support for our employees and stakeholders throughout.”

The Company has commenced constructive discussions with the relevant governmental authorities and employee representatives. These are aimed at ensuring full compliance with applicable legal obligations, while also seeking to mitigate the impact on affected employees. Currently, the Company employs 140 employees. As part of this process, the Company is actively exploring ways to support its workforce, including financial incentives and seeking opportunities with related entities.

Carlo Gavazzi Group remains committed to innovation and long-term value creation. Looking ahead, the Group will focus on consolidating its core business areas and enhancing operational resilience and long-term sustainability across its international network.