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Banks block FNG wages, company bankrupt – Retail Detail Europe

Even before Belgian fashion group FNG was declared bankrupt this morning, the banks have blocked its wages: it is possible employees have worked for nought last weekend.

Strike

The wages for July have been paid normally for the employees of chains like Brantano, CKS, Claudia Strter and Miss Etam, but the banks are blocking the wages since 1August, Belgian media report, citing both trade union ACV Puls and CEO Paul Lembrechts. Company cars and lorries were unavailable as well, as road taxes have not been paid in this new month.

The unions recognise the situation as a strike: “We do not want to send the employees into unsafe situations: if they choose not to go to work for free in these circumstances, we allow them to stay at home.” FNG…

Read the full article at: https://www.retaildetail.eu/en/news/fashion/banks-block-fng-wages-company-bankrupt

Category: BankruptcyBy Insolvency GuardianAugust 3, 2020

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Banks block FNG wages, company bankrupt – Retail Detail Europe

Even before Belgian fashion group FNG was declared bankrupt this morning, the banks have blocked its wages: it is possible employees have worked for nought last weekend.

Strike

The wages for July have been paid normally for the employees of chains like Brantano, CKS, Claudia Strter and Miss Etam, but the banks are blocking the wages since 1August, Belgian media report, citing both trade union ACV Puls and CEO Paul Lembrechts. Company cars and lorries were unavailable as well, as road taxes have not been paid in this new month.

The unions recognise the situation as a strike: “We do not want to send the employees into unsafe situations: if they choose not to go to work for free in these circumstances, we allow them to stay at home.” FNG…

Read the full article at: http://www.retaildetail.eu/en/news/fashion/banks-block-fng-wages-company-bankrupt

Category: BankruptcyBy Insolvency GuardianAugust 3, 2020

Post navigation

PreviousPrevious post:UKGC launches public awareness campaign on gambling controls, rights and safeguards – SBC NewsNextNext post:Coronavirus: HSBC to speed up 35,000 job cuts as profits slump – BBC News

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Opinion | Tech Bro Had to Go – The New York Times
June 3, 2025
At Home store may go bankrupt, blames tariffs – OzarksFirst.com
June 3, 2025
Access Denied
June 3, 2025
NCLAT Overturns NCLT Forensic Audit Order for Golden Tobacco, Extends CIRP Deadline to 2025, ET LegalWorld
June 3, 2025
Meyer Burger’s German Subsidiaries File for Insolvency – Microgrid Media
June 3, 2025
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