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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38 - Waste collection, treatment and disposal activities; materials recovery
900 jobs Number of planned job losses
Announcement Date
21 May 2004
Employment effect (start)
Foreseen end date
Description
BISG (Brant Industrial Services Group), specialised in industrial maintenance and cleaning, has filed for bankruptcy. 900 people are to lose their job; 500 in north Belgium, 150 in northern France and 250 in the Netherlands. A potential take over bid is waited upon, but without much hope. TrustCapital's CEO, BISG's main stakeholder, declared that he hoped the employees would be hired by BISG's competitors, as they win the company's former contracts.
Sources
21 May 2004: Les Echos
Citation
Eurofound (2004), BISG (Brant Industrial Services Group), Bankruptcy in European Union, factsheet number 60450, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60450.
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