Type
Bankruptcy
Country
Belgium
Region
Vlaams Gewest; Prov. Oost-Vlaanderen; Arr. Oudenaarde
Location of affected unit(s)
Oudenaarde
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.92 - Manufacture of made-up textile articles, except apparel

120 jobs
Number of planned job losses
Job loss
Announcement Date
24 April 2015
Employment effect (start)
Foreseen end date

Description

The textile company Santens has experienced difficulties for some years and has now been declared bankrupt. The company has debts of about 7 million euro. In 2011, a bankruptcy was avoided thanks to a take-over by the French company Descamps and a loss of more than 250 jobs (see 2011 factsheet). However, the take-over was not successful.


Sources

  • 25 April 2015: De Tijd

Citation

Eurofound (2015), Santens, Bankruptcy in Belgium, factsheet number 79387, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79387.