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.
AESC, a Japanese electric battery manufacturer, has announced the creation of 350 new jobs in maintenance, quality control, supply chain and production. The aim is to have 1,000 employees by the end of 2025. The company is expanding its operations in the Hauts-de-France region, where it is developing a gigafactory with the capacity to produce up to 200,000 batteries per year. AESC’s main client is Renault.
AESC is one of four companies established in the “Battery Valley” (Vallée de la Batterie) in France. This initiative, launched in 2023, aims to create around 3,000 direct jobs in the region. The French government has made significant financial contributions to the project, investing €1.5 billion out of a total €5.2 billion investment.
The project aims to strengthen the local industrial base while supporting the transition to electric vehicles.
Eurofound (2025), AESC, Business expansion in France, factsheet number 204432, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204432.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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