Carlo Gavazzi Shuts Down Malta Operations As 140 Workers Face Uncertain Future
Swiss multinational Carlo Gavazzi Limited has announced it will gradually wind down its Malta operations as part of a major global restructuring plan, ending decades of local presence and affecting all 140 employees at its Bulebel plant.
The company said the decision is driven by a combination of long-term challenges, including rising global costs, tariffs, supply chain pressures, ESG requirements, and the increasingly competitive local job market for skilled talent. Consolidation of operations across its international network, including a push toward regionalisation, was also cited as a key factor.
While the move marks the end of almost four decades of operations in Malta, Carlo Gavazzi stressed its appreciation for the local workforce and collaboration with the Maltese Government over the years. “We are approaching this process with care and respect for all those affected,” said the Group CEO, adding that the company’s priority is to manage the closure fairly, transparently, and with support for employees and stakeholders.
The company has already begun discussions with government authorities and employee representatives, exploring measures such as financial incentives and potential opportunities with related entities to soften the impact on staff.
Carlo Gavazzi highlighted that while operations in Malta are coming to a close, the group remains focused on innovation, long-term sustainability, and consolidating its core business areas globally.
The closure will bring to an end a significant chapter for Malta’s manufacturing sector, with the Bulebel plant having been a cornerstone of the company’s production and R&D operations for decades.
Silvio Schembri, Minister for the Economy, Enterprise and Strategic Projects, commented on the move, saying that the decision directly affects the dedicated employees who have contributed for many years to the company’s success in Malta. He stressed that the well-being of the workers and the future of their families remain a top priority.
Schembri added that the Ministry for the Economy has already started discussions with the company and all parties involved to ensure that affected employees receive full support, including help finding alternative employment and access to necessary training. He also highlighted Malta’s strong labour market and high demand for skilled workers, pledging that the government will work closely with industry to ensure opportunities reach those affected.
The Minister confirmed that the government will maintain regular contact with employees and their representatives to safeguard their interests throughout the process.
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