EMCC European Monitoring Centre on Change

Hoverspeed

Company/Organisation:
Hoverspeed

Geographic Location

Country: Belgium
Location of affected unit(s): Ostende (Belgium), Dover (UK)

Company

Sector: Transportation / storage
Transportation and storage
50 - Water transport
Number Employed: 197

Employment Effects

Announcement Date: 13-12-2002
Planned Job Reductions min: 197
Planned Job Reductions max: 197
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-12-2002

Additional Information

Collective bargain has been announced at the Ostende York which host the Dover-Ostende link of Hoverspeed. The head manager has explained that even with considerable investments and the restructuring measures of these past 3 years, the activity is still economically unviable. The closure of the site is then announced.