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.
In June 2022, the Renoux Group started the production of LED lighting systems at its new Cholet site, relocating the production of its subsidiary, Induslum, from China. Induslum specializes in high-powered lighting for the tertiary, industrial, and sports sectors. Through this move the Renoux Group aims to ensure quality and control for these high-value products and lower production costs through eco-design. The Cholet facilities have expanded to 2,700 square meters, accommodating new metalworking workshops, component deposition and welding lines, and assembly facilities, for a €1.2 million investment. The Cholet initiative starts in 2022 with a team of three people, and the group plans to create 15 new positions within the next three years. The Renoux Group maintains a presence in China through a subsidiary focused on producing lighting for the housing sector.
Eurofound (2022), Renoux, Reshoring in France, factsheet number 280, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/280.