Atlas Technologies / Lightyear

Type
Bankruptcy
Country
Netherlands
Region
Zuid-Nederland; Noord-Brabant; Zuidoost-Noord-Brabant
Location of affected unit(s)
Helmond
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.10 - Manufacture of motor vehicles
620 jobs
Number of planned job losses
Job loss
Announcement Date
26 January 2023
Employment effect (start)
26 January 2023
Foreseen end date
31 December 2023

Description

Atlas Technologies B.V., a Dutch car manufacturer located in Helmond, announced that 620 out of 650 employees will lose their job as a result of bankruptcy. All employees are reported to lose their job by direct dismissal. The remaining 30 employees belong to a solar panel factory in Venray, but it is unclear what will happen to them. Trade unions FNV and CNV stated that due to the relatively short existence of the company, they did not have any contacts within the company yet. However, they announced their readiness to assist employees to find new work. 

Sources

Citation

Eurofound (2023), Atlas Technologies / Lightyear, Bankruptcy in Netherlands, factsheet number 108320, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108320.