Type
Bankruptcy
Country
Belgium
Region
Vlaams Gewest; Prov. Limburg (B); Arr. Maaseik
Location of affected unit(s)
Maaseik
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29 - Manufacture of motor vehicles, trailers and semi-trailers

110 jobs
Number of planned job losses
Job loss
Announcement Date
19 December 2010
Employment effect (start)
19 December 2010
Foreseen end date

Description

The 110 employees of ATM in Maaseik have lost their jobs after the commercial court of Tongeren has confirmed the bankruptcy of the auto company. With its activities in construction and maintenance of trailers and tippers, ATM has been hard hit by the crisis.

Six month ago, ATM was placed under juridical protection. Unfortunately, because no prospective buyer had been found, bankruptcy was unavoidable. 


Sources

Citation

Eurofound (2010), ATM, Bankruptcy in Belgium, factsheet number 71335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71335.