VanMoof

Type
Bankruptcy
Country
Netherlands
Region
West-Nederland; Noord-Holland; Groot-Amsterdam
Location of affected unit(s)
Amsterdam
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.9 - Manufacture of transport equipment n.e.c.
30.92 - Manufacture of bicycles and invalid carriages
800 jobs
Number of planned job losses
Job loss
Announcement Date
18 July 2023
Employment effect (start)
18 July 2023
Foreseen end date
31 August 2023

Description

VanMoof, a Dutch e-bike manufacturer located in Amsterdam, announced that all 800 employees will lose their job as a result of the company's bankruptcy. All employees are reported to lose their job by direct dismissal. The employees will remain employed for another six weeks - if they wish - with their wages being guaranteed by the Employee Insurance Agency UWV. Now that the company has been declared bankrupt, the curators are looking for a candidate to take over the company or relaunch it. VanMoof was founded in Amsterdam in 2009 and has sold about 200,000 e-bikes worldwide since then.

Sources

Citation

Eurofound (2023), VanMoof, Bankruptcy in Netherlands, factsheet number 109334, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109334.