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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.02 - Computer Consultancy Activities
200 jobs Number of planned job losses
Announcement Date
25 November 2024
Employment effect (start)
4 November 2024
Foreseen end date
Description
Reezocar, a platform for selling used cars and a subsidiary of Société Générale, did not receive any takeover offers. It resulted in its closure on November 4 and the loss of more than 200 jobs. The closure is attributed to financial difficulties exacerbated by the impact of the Covid-19 pandemic on the online second-hand car market.
The company operated a technical platform and store in Seclin, as well as its headquarters in Boulogne-Billancourt.
A previous business expansion which created 100 job, was recorded on the ERM database in 2020 Reezocar 2020 - FR.
Eurofound (2024), Reezocar, Bankruptcy in France, factsheet number 201992, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201992.
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