“There has to be clarity about a buyer as soon as possible in order to give employees a perspective.” This is what the unions ACV Puls and BBTK say after the fashion retailer e5 mode received bankruptcy protection from the company court in Dendermonde in order to transfer part of its activities to judicial supervision.
The E5 mode applied for judicial restructuring with a transfer under judicial supervision on Friday after a works council. The company would leave the debt with the existing company and try to rip the businesses out. The corporate court in Dendermonde has decided to protect the company’s e5 mode and EKG (European Clothing Group) from creditors until January 31st.
“We want all employees to be taken on in accordance with the existing wage and employment conditions. If colleagues are still not taken on, there has to be a thorough and negotiated redundancy plan, ”say the unions. “The E5 mode makes use of the law on business continuity for the second time. In the spring, the e5 mode paid off and received part of its debts. “
“In recent months, the staff has already made particularly large sacrifices, such as the postponement of the payment of vacation pay, the postponement of the payment of the bonus and the loss of wages due to months of temporary unemployment. After the shops reopened in May, occupancy remained very tight and the timetables were changed unilaterally and unfavorably, ”says Wouter Parmentier from ACV Puls. “With this WCO procedure, the employees of the e5 mode are back in the line of fire. There is a risk that a residual company will remain with some of the staff that will not be taken over. You are facing bankruptcy. “
“2020 is a year of uncertainty and loss of income for people in e5 mode. There has to be clarity about a buyer as soon as possible in order to offer employees a perspective, ”says Bart Leybaert from BBTK.