Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
450px-Nieuwsteeg_12_te_Hoorn
V&D VandD - Credit: Picture: Wikimedia Commons/Dqfn13
Business
Hanneke de Coninck
Job losses
John van der Ent
Kees van de Meent
layoffs
restart
V&D
V&D bankruptcy
Friday, January 1, 2016 - 12:11
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

V&D CEO hopes to save company, 10,000 jobs

Now that  retail group  V&D is declared bankrupt, bankruptcy administrators Kees van de Meent and Hanneke de Coninck are working hard on a possible restart. V&D CEO John van der Ent has hopes that this will succeed. "This bankruptcy does not mean the end of V&D and La Place", he wrote in a letter to his employees on Thursday. "Along with the bankruptcy administrators and with you, I want to fight for the best possible restart with as many people as possible", Van der Ent wrote, adding that a successful restart will need the commitment of all employees. All V&D  stores and La Place restaurants will remain open for the time being. Benefits agency UWV will pay the employees' salaries. Some 10,300 employees could lose their jobs if a restart does not succeed. A spokesperson for the retail  chain told broadcaster NOS that this bankruptcy was mostly technical in nature, with the intent of making a restart easier. Those taking over can start with a clean slate. The bankruptcy administrators have six weeks to work on a restart. According to the Financieele Dagblad, dozens of interested parties already reported to the administrators after V&D was granted suspension of payment, but they'll only come to a further assessment of the possible options in the first week of the New Year.

Follow us:

Latest stories

  • French boy arrested in Amersfoort after stolen car chase
  • Police investigating hundreds of suspicious transactions at holiday parks
  • Dutch defender Botman headed to Newcastle in €37M deal; Chelsea offer for De Ligt rejected
  • 75th anniversary of Anne Frank diary commemorated in Amsterdam
  • U.S. abortion ruling a "disaster," say Dutch activists
  • Amsterdam mayor calls coffeeshop ban for tourists 'inevitable'

Top stories

  • Regional bus drivers strike in Groningen, Almere, Waalwijk
  • Extra Covid-19 measures not yet necessary: Van Dissel
  • Farmers demonstrate in many places, dump straw bale at minister's house
  • Consumer spending pushed Dutch economic growth in first quarter
  • Hope of EU membership big support for Ukraine, Dutch PM says
  • Transavia summer flight cancellations breaking EU rules: Consumers Assoc.

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content