Type
Bankruptcy
Country
Belgium
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

390 - 421 jobs
Number of planned job losses
Job loss
Announcement Date
17 November 2009
Employment effect (start)
30 November 2009
Foreseen end date

Description

Sonica, the owner of various CD and entertainment stores in Belgium (68 in total) has declared bankruptcy with 390-421 job losses. The company has not been profitable for two years. Trade unions continue to hope that a competitor will buy out fifty of the stores.


Sources

  • 19 November 2009: Le Soir ()
  • 17 November 2009: Le Soir ()
  • 18 November 2009: L'Echo

Citation

Eurofound (2009), Sonica, Bankruptcy in Belgium, factsheet number 69907, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69907.