Italian circuit board maker shuts down factory

The Italian printed circuit board manufacturer OMR Italia SpA in Concorezzo is winding down its production. The decision affects 27 employees and means the company will leave manufacturing to become a pure trading company. An agreement on collective redundancies was signed on February 25, 2026, at Assolombarda, according to a press release from the trade union Fiom Cgil Brianza. The settlement is based on voluntary departures under a non-confrontational principle, providing access to state unemployment benefits and an extra financial severance payment. The union states the negotiations occurred against a sharp decline in production volumes, aiming to limit social consequences and ensure support for affected workers. This news comes just over a month after Connexion Technologies announced a strategic partnership with OMR Italia to strengthen its European PCB presence. The union expresses concern, viewing this as another loss of industrial capacity in the Brianza region and calling for a discussion on industrial policy. Meanwhile, industry data shows European PCB production revenue grew 2.4% in 2025, while eleven manufacturers left the market, reducing the European base to 168 companies