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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.3 - Other Passenger Land Transport
218 jobs Number of planned job losses
Announcement Date
18 April 2024
Employment effect (start)
19 April 2024
Foreseen end date
30 April 2024
Description
The French subsidiary of Flink has ceased operations, leaving 218 employees redundant, including 128 permanent staff, with the remainder being temporary workers and contractors.
The company had faced financial difficulties, entering receivership in June 2023 before ultimately failing to secure sustainable investments. Factors such as inflation, intense competition, and stringent regulations in France contributed to its closure. In March 2023, the French government classified dark stores as warehouses rather than commercial outlets, imposing stricter operational rules on the sector. By contrast, regulations in Germany are less restrictive.
Several prior large restructurings have been recorded in the ERM database, with the latest cutting 210 jobs in 2023 Flink 2023 - FR
.
Eurofound (2024), Flink, Bankruptcy in France, factsheet number 202038, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202038.
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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.
