2023-Belga_News_Agency
Bankruptcy looms for bus manufacturer Van Hool as banks refuse to intervene
22 March 2024
Banks seem unwilling to intervene in the ailing bus manufacturer Van Hool, De Tijd reports on Friday evening. Van Hool announced it would hold a press conference on the company's situation on Monday at 16.00.
Van Hool is facing financial difficulties and announced earlier this month that it would cut more than 1,100 jobs in the coming years.
Marc Zwaaneveld, Van Hool's crisis manager, has presented the Flemish government with a plan to save the company from bankruptcy. Even if the family feud between the various branches of the company is resolved by Monday, the rescue plan is dead in the water, writes De Tijd.
