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.
The Cryostar group, which is specialised in the production of state-of-the-art cryogenic equipment, plans to hire around 100 employees in 2019. The group is developing new opportunities in anticipation of the energy market shifts, including liquefied natural gas for road transport and deep geothermal equipment. The group currently employs 660 people, including 555 in Hésingue (Haut-Rhin) for a turnover of more than €300 million. Cryostar has another site in France, in Aveyron (25 employees), focused on vehicles running on liquefied natural gas (LNG).
Eurofound (2019), Cryostar, Business expansion in France, factsheet number 97307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97307.