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.
Vinci Immobilier, the real estate subsidiary of the Vinci Group, is cutting 150 jobs, representing nearly 20% of its workforce. The decline in demand for new construction has led to a crisis in the sector. Several other companies have announced internal restructuring plans such as Nexity Nexity 2024 - FR and Bouygues Immobiliere Bouygues Immobilier 2024 - FR. The crisis is caused by an increase in production costs due to an increase in materials costs and stringening environmental requirements.
Before the restructuring, the Vinci Immobilier workforce totaled 800 employees.
Eurofound (2024), Vinci Immobilier, Internal restructuring in France, factsheet number 202297, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202297.