Reezocar

Type
Bankruptcy
Country
France
Region
Location of affected unit(s)
Seclin, Boulogne-Billancourt
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.2 - Computer consultancy and computer facilities management activities
62.20 - Computer consultancy and computer facilities management activities
200 jobs
Number of planned job losses
Job loss
Announcement Date
25 November 2024
Employment effect (start)
4 November 2024
Foreseen end date

Description

Reezocar, a platform for selling used cars and a subsidiary of Société Générale, did not receive any takeover offers. It resulted in its closure on November 4 and the loss of more than 200 jobs. The closure is attributed to financial difficulties exacerbated by the impact of the Covid-19 pandemic on the online second-hand car market.

The company operated a technical platform and store in Seclin, as well as its headquarters in Boulogne-Billancourt.

A previous business expansion which created 100 job, was recorded on the ERM database in 2020 Reezocar 2020 - FR.

Sources

Citation

Eurofound (2024), Reezocar, Bankruptcy in France, factsheet number 201992, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201992.