EMCC European Monitoring Centre on Change

Vortex

Company/Organisation:
Vortex

Geographic Location

Country: France

Company

Sector: Transportation / storage
Transportation and storage
49.39 - Other passenger land transport n.e.c.
Number Employed: 2500
Group: 2ASL

Employment Effects

Announcement Date: 29-04-2020
Planned Job Reductions min: 2500
Planned Job Reductions max: 2500
Type of Restructuring: Bankruptcy
Employment Effect Start: 30-04-2020
Foreseen End Date: 31-05-2020
Direct Dismissals: 2500

Additional Information

The Commercial Court of Montpellier has decided to liquidate the company Vortex, specialised in the transport of people with disabilities, which employed up to 2,500 people on a part-time basis. These were mainly pensioners who supplemented their pensions with a part-time employment contract, allowing them to earn between €200 and €500 per month. Confronted with numerous disputes before the labour courts and breaches of contract on the part of clients such as local governments (départements), Vortex saw its financial situation deteriorate. Placed in receivership last February, the company has been hit hard by the period of containment imposed by theCOVID-19 pandemic: the closure of the schools stopped the transport service for students with disabilities which constituted a big share of the company's services.

Sources: