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.
Construction Specialised construction activities Specialised construction activities 43 - Specialised construction activities
106 jobs Number of planned job losses
Announcement Date
22 May 2025
Employment effect (start)
22 May 2025
Foreseen end date
31 December 2025
Description
The Cetih group has announced on the 22nd of May 2025, the liquidation of its subsidiary Koov, which specialises in energy renovation and photovoltaic panels with various activities such as carpentry, insulation, ventilation, heating, and solar solutions.
This decision will mark the closure of 106 jobs across the 9 agencies of the company, which are situated in: Vannes, Rennes, Quimper-Brest, Nantes, Cholet, Laval, Rouen, Orléans, et Clermont-Ferrand. The affected positions: agency managers, technical directors, technicians, installers, sales teams, sales administration department and customer advisors. Despite an active search for buyers, no offers have been successful. However, a partial takeover offer for two agencies is under consideration. Officially, the group is committed to supporting its employees in their job search.
Eurofound (2025), Koov, Bankruptcy in France, factsheet number 202816, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202816.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
