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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.13 - Manufacture of other pumps and compressors
100 jobs Number of planned job creations
Announcement Date
26 February 2019
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2019
Description
The Cryostar group, which is specialised in the production of state-of-the-art cryogenic equipment, plans to hire around 100 employees in 2019. The group is developing new opportunities in anticipation of the energy market shifts, including liquefied natural gas for road transport and deep geothermal equipment. The group currently employs 660 people, including 555 in Hésingue (Haut-Rhin) for a turnover of more than €300 million. Cryostar has another site in France, in Aveyron (25 employees), focused on vehicles running on liquefied natural gas (LNG).
Eurofound (2019), Cryostar, Business expansion in France, factsheet number 97307, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97307.
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