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 Telecom company Celeste, which is specialised in providing Internet access for businesses, has announced the recruitment of around ten employees per month for 2020, for a total of 120 employees recruited by the end of the year.
Celeste currently employs 280 people. The company doubled in size in 2019 following several takeovers and expects annual growth of at least 30% over the next two to three years. Celeste had a turnover of €58 million for 2019 and 8,500 professional customers. Its employees are spread over its 5 sites in Marne-La-Vallée (Seine-et-Marne), Noyon (Oise), Archamp (Haute-Savoie), Aix-en-Provence (Bouches-du-Rhône) and Albi (Tarn).
Eurofound (2020), Celeste, Business expansion in France, factsheet number 99789, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99789.