Polygone International

Type
Bankruptcy
Country
Belgium
Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Location of affected unit(s)
Ixelles
Sector
Professional Services
73 - Activities of advertising, market research and public relations
73 - Activities of advertising, market research and public relations
73 - Activities of advertising, market research and public relations
110 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2012
Employment effect (start)
23 December 2012
Foreseen end date
1 January 2013

Description

The communications company Polygone International was declared insolvent and as a result its 110 employees will be dismissed.

The company already had to face many financial problems this past year, despite very successful previous years. The company has undergone recent re-organization and embarked on new projects in order to avoid bankruptcy, nonetheless earlier this year they tried to file for administration but the shareholders refused until the latest announcement this October.

Sources

  • 27 June 2012: L'Echo
  • 11 October 2012: L'Echo

Citation

Eurofound (2012), Polygone International, Bankruptcy in Belgium, factsheet number 74586, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74586.