Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
H3 Dynamics, a Singaporean manufacturer of hydrogen fuel cells for aircraft and military drones, is set to hire over 100 workers in France, with 50 new jobs to be filled in both 2025 and 2026. The company is relocating most of its activities and headquarters from Singapore to Toulouse, in France.
At the Choose France Summit, the company announced its intention to invest 150 million euros in the country over the next five years. Its first production line will be running within the next three months. A line with a larger capacity will then be operational by the beginning of 2026. Several growth plans are in the pipelines, including military contracts with Ukraine and hydrogen refuelling at French and Dutch airports.
Currently the company employs 15 people in Toulouse.
Eurofound (2025), H3 Dynamic, Reshoring in France, factsheet number 202805, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202805.