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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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June 1, 2025
Analysis: Textile giant Sritex shuts down, leaving over 10,000 workers jobless – Academia
June 1, 2025
Nylon maker Ascend files for bankruptcy
June 1, 2025
Swiss solar panel maker Meyer Burger files for insolvency for German subsidiaries – Reuters
June 1, 2025
WA producers hope Brownes Dairy will be purchased by an Australian buyer
June 1, 2025
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