Business · Companies · 11 hrs ago
Cortese group to take over Feltre foundry, absorbing 36 of 74 workers
Aluminium Dolomites will take over Hydro Extrusion’s foundry in Feltre, in Italy’s Belluno area.
The company is part of the Cortese group, which makes aluminium products.
The takeover will bring 36 of the site’s 74 employees into the new operation.
The remaining workers will receive temporary wage support while they await new jobs.
That support runs from October 6 through December 31, under an agreement signed after talks involving the company, unions and regional authorities.
The site has been an important part of the local industrial economy since 1942.
The takeover keeps some production in Feltre, while Norsk Hydro reduces its Italian operations to two extrusion sites, in Ornago and Atessa.
Aluminium Dolomites, part of the Cortese group, is set to take over the foundry activity at Hydro Extrusion’s Feltre site.
The transfer will bring 36 of the site’s 74 employees to the Cortese group.
The other workers are covered by extraordinary wage support from 6 October through 31 December while they await possible redeployment.
The agreement followed negotiations involving the company, unions, regional officials and employers’ representatives.
The deal preserves the incoming workers’ pay levels and accrued seniority, alongside several other employment conditions.
- Who
- Aluminium Dolomites, part of the Cortese group, is taking over the foundry activity. Thirty-six of Hydro Extrusion’s 74 employees will transfer.
- What
- The foundry activity at Hydro Extrusion’s Feltre site is being transferred, with the remaining production operation reduced to the foundry.
- When
- The agreement was concluded on 15 October 2026. Wage support runs retroactively from 6 October to 31 December.
- Where
- Hydro Extrusion’s site on Viale Monte Grappa in Feltre, Belluno province, Italy.
- Why
- The transfer is intended to allow production to continue at the site and avoid immediate dismissals. The sources do not state why Hydro is exiting the foundry activity.
This story does not have two clearly opposing sides.
Extraordinary wage support for workers began retroactively.
Workers’ meetings were held on the final agreement.
The concluding meeting of the dispute took place with company, regional, employer and union representatives.
Corriere della Sera reported the agreement and planned transfer of the foundry activity.
- Workers transferred
- 36 of 74
- Wage support period
- 6 October to 31 December
- Incoming company
- Aluminium Dolomites, part of the Cortese group
- Site
- Viale Monte Grappa, Feltre
- Site workforce
- 62 workers, 2 managers and 10 office employees
What people are saying
We consider this stage a starting point