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.
Lydia Solutions, a French fintech company, plans to recruit 400 employees over the next three years. The first wave in 2024 includes the hiring of 70 people. Currently, the company employs 250 people. This new workforce will focus on developing and enhancing their Sumeria application, which has expanded beyond simple peer-to-peer payment transfers to offer a full range of comprehensive banking services.
A previous business expansion was recorded in the ERM database, with plans to recruit 800 employees when Lydia had just 150 workers in 2021 Lydia Solutions 2021 - FR.
Eurofound (2024), Lydia Solutions, Business expansion in France, factsheet number 201773, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201773.