EMCC European Monitoring Centre on Change

Vlaamse Luchttransportmaatschappij

Company/Organisation:
Vlaamse Luchttransportmaatschappij

Geographic Location

Country: Belgium
Region: Arr. Antwerpen; Prov. Antwerpen; Vlaams Gewest
Location of affected unit(s): Deurne

Company

Sector: Transportation / storage
Transportation and storage
51 - Air transport
Number Employed: 160

Employment Effects

Announcement Date: 22-06-2016
Planned Job Reductions min: 160
Planned Job Reductions max: 160
Type of Restructuring: Bankruptcy
Employment Effect Start: 01-07-2016
Direct Dismissals: 160

Additional Information

VLM, a Belgian airline that operates mainly from the airport at Deurne, has declared bankruptcy. Because of this a total of 160 employees are facing direct dismissal. The main reasons behind the closure are the accumulation of previous debts by the company and a significant increase in costs. A mixture of white- and blue collar workers will lose their job as a result of the bankruptcy. For the moment the main focus of the unions is making sure all employees receive wages earned in recent months.