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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
220 jobs Number of planned job losses
Announcement Date
3 October 2016
Employment effect (start)
3 October 2016
Foreseen end date
Description
MS Mode, a Dutch chain of clothing stores has announced the dismissal of all of its 220 employees. The company was declared bankrupt earlier this year and has been looking for potential sellers ever since. Recently the management confirmed the dismissal of all 220 employees, both white and blue collar workers. They stated it was no longer acceptable to keep the personnel and their families uncertain about their future, therefore their dismissal was officially announced. The chain has about 40 stores in Belgium.
Sources
21 September 2016: De Morgen
3 October 2016: Het Nieuwsblad
Citation
Eurofound (2016), MS Mode, Bankruptcy in Belgium, factsheet number 88753, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88753.
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