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.
Solvay is a Belgian chemical group that operates in 63 countries with a total workforce of over 21,000 employees. In 2022, it announced the relocation of the production of its innovative green solvent from China to its site in Melle, Deux-Sèvres, France. The precise amount of the investment remains undisclosed, but it is estimated to be several million euros, according to the site's management. The project received support from the Nouvelle-Aquitaine region, which granted a subsidy of 640,000 euros for the relocation. Solvay aims to increase the site's capacity by 20%. The investment involves developing the seventh production workshop and creating direct and indirect job opportunities. The total workforce at the Melle site, which currently employs 145 people, is expected to increase, with approximately ten new hires planned. The decision to relocate production is driven by Solvay's commitment to sustainability and the reduction of the carbon footprint associated with material transport. The relocation is part of Solvay's strategy to bring production closer to its European customers.
Eurofound (2022), Solvay, Reshoring in France, factsheet number 277, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/277.