Type
Bankruptcy
Country
Belgium
Region
Location of affected unit(s)
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Of Food, Beverages And Tobacco
46.3 - Wholesale of food, beverages and tobacco

198 jobs
Number of planned job losses
Job loss
Announcement Date
30 August 2013
Employment effect (start)
30 September 2013
Foreseen end date
30 June 2014

Description

The company O'cool, specialized in frozen food wholesale, announced its intention to close its 51 shops (31 in Flanders and 20 in Wallonia) and thus the layoff of its 198 workers. The management officially declared its bankruptcy to the Court which appoints a trustee in order to find a company interested in buying the shops back. Unions have declared their intention to help workers.


Sources

  • 30 August 2013: Nieuwsblad
  • 3 September 2013: l'avenir.net
  • 30 August 2013: L'Echo

Citation

Eurofound (2013), O'cool, Bankruptcy in Belgium, factsheet number 75841, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75841.