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.
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://apps.eurofound.europa.eu/restructuring-events/detail/202386.