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.
Construction Specialised Construction Activities Specialised Construction Activities 43.21 - Electrical Installation
149 jobs Number of planned job losses
Announcement Date
22 July 2024
Employment effect (start)
Foreseen end date
Description
France Solar, a company specialised in the installation of photovoltaic panels and energy equipment, has announced that it intended to ‘concentrate its activities on the professional market’ and withdraw from the domestic market. This restructuring plan, which involves discontinuing part of the business, will entail the loss of 149 jobs.
The company founded by Ercan Kilicdemir, which currently employs 274 people, reports difficulties linked to inflation and rising interest rates, which ‘have reduced the ability of households to invest in photovoltaic installations, while competition from new low-cost entrants has intensified’, and complains about the law of 24 July 2020, which strictly regulates telephone canvassing, which has ‘increased its customer acquisition costs’.
Eurofound (2024), France Solar , Internal restructuring in France, factsheet number 201427, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201427.
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