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.
John Cockerill, a Belgian company specialising in the design and installation of integrated energy systems, has taken over the Belfort site following McPhy's liquidation, preserving 51 out of 71 jobs: McPhy 2025 - FR.
The relaunch includes a €65 million industrial project centred on a new electrolyser stack called MoJo, combining the expertise of both companies. The project could benefit from part of the €114 million in public funding initially granted to McPhy. Authorities welcomed the takeover as a positive step for the French hydrogen sector, though challenges remain due to the high cost of green hydrogen, particularly compared to fossil-based alternatives.
Eurofound (2025), John Cockerill, Business expansion in France, factsheet number 203220, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203220.