Zumtobel Closes Loss-Making Plant Space Cannon in Italy

Companies › Retail & Consumer ♦ Published: October 7, 2010; 12:24 ♦ (Vindobona)

Zumtobel, the shareholder of the company Space Cannon VH SRL, based in Fubine (Piedmont), a specialist in façade and event lighting and a member of the Zumtobel Group, has filed for liquidation.

Zumtobel Closes Loss-Making Plant Space Cannon in Italy / Picture: © Vindobona.org

The workforce was informed of the decision at a staff meeting today. Operations will be discontinued. The measure affects 47 employees.

Space Cannon was founded in 1988 by Bruno Baiardi who died suddenly in August 2007. In the spring of 2008 Space Cannon was acquired by the Zumtobel Group. At this point, Space Cannon reported annual sales of around EUR 7 million.

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