Following the news at the end of 2012 that the Azimut Benetti Group had consolidated production of its Azimut yachts at the Avigliana HQ, closing facilities in Turkey and Groppello, the group has confirmed that it has applied for the temporary government-subsidised redundancy of 900 Avigliana workers.

In actuality, only 220 workers will be temporarily laid off until January 2014, in a process known as cassa integrazione. At the same time the Avigliana facility has been the subject of a €29 million investment, in what an Azimut spokeswoman called a “move towards greater efficiency”. She explained that Azimut reduced the original provision of 900 as greatly as possible. This strategy has apparently been approved by the relevant trade unions.

At the time of the Turkey and Groppello closures, in November 2012, Azimut Benetti claimed the group was reaffirming its rich Italian heritage:

The Azimut Benetti Group has decided to concentrate its production in Italy. The logic behind this strategy is defending the identity of yachts ‘Made in Italy’ and reinforcing the Group’s roots in the land where its product is conceived, designed and built.

“Only 200 workers are in this situation, compared to the original request of 900”, the spokeswoman said. “The emphasis remains on being ‘Made in Italy’ and optimising production in Turin. The investment will go towards new products, new technology and remaining competitive in the market”, she added.

But speaking to The Superyacht Group earlier this year, Azimut Benetti’s head of R&D, Giovanni Bizzarri said the group was investing heavily in research that could counteract the effect of prohibitive environmental legislation on the performance cruiser sector. If more stringent regulations were to impact the design of performance yachts, such as those made by Azimut, “We’d carry on building Azimut yachts, and we’d try to find the right solution”, explained Bizzarri. “Currently we don’t have that, so we have to continue exploring other avenues,” he said at the time.

The Azimut Grande 100 is an example of the performance cruisers Azimut is synonymous with.

Profile links

Azimut SpA

If you've found this story to be 'a report worth reading', and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our VIP print subscription offer. We are inviting industry VIPs to register for a complimentary subscription to our print portfolio, which includes the most insightful information on the state of the superyacht market. To see if you qualify for our VIP subscription package, please click here to fill in an application form