The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Ixelles
Sector
Professional Services Market Research And Advertising Services Advertising And Market Research 73 - Advertising and market research
110 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74586.
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