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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture Of Motor Vehicles
110 jobs Number of planned job losses
Announcement Date
19 February 2025
Employment effect (start)
19 May 2025
Foreseen end date
Description
Hyvia, a hydrogen vehicle manufacturer, is being liquidated, making its 110 employees in Flins and Villiers-Saint-Frédéric (Yvelines) redundant. On December 10, 2024, the company entered financial restructuring due to challenges stemming from high innovation costs and the slow development of European hydrogen mobility ecosystems. As a result, a job-saving plan will be implemented. Fifty of these employees previously worked for Renault and have been reassigned within the group.
Hyvia was co-founded in 2021 by the French manufacturer Renault and the American fuel cell manufacturer Plug.
Eurofound (2025), Hyvia, Bankruptcy in France, factsheet number 202386, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202386.
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