EMCC European Monitoring Centre on Change

Mega World

Company/Organisation:
Mega World

Geographic Location

Country: Belgium

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.1 - Retail sale in non-specialised stores
Number Employed: 650

Employment Effects

Announcement Date: 22-12-2020
Planned Job Reductions min: 650
Type of Restructuring: Bankruptcy
Employment Effect Start: 01-01-2021

Additional Information

Mega World (former Blokker), a retail chain with 199 stores in Belgium has announced bankruptcy. In total 650 employees will lose their job. The chain of retail stores, formerly known under the Blokker brand was acquired one year ago by Mega World. The acquisition was controversial and trade union delegations state that mismanagement is one of the main reasons why the chain is forced to close down. Latest news indicates that international buyers are interested in potentially acquiring the closed down stores.

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