A French court on Tuesday placed long-distance coach company Eurolines into compulsory liquidation, a lawyer for the firm’s employees told AFP.
After 35 years, the French transport giant will stop operations on Friday.
It came after Eurolines was bought out by German group FlixBus last year, but unions have claimed the holding company refused to look for a buyer and is taking advantage of the coronavirus pandemic to axe jobs.
At the end of June, FlixBus asked for bankruptcy proceedings be opened for its subsidiary, but the court requested that the Eurolines continue to operate under court administration for one month.
“Flixbus has emptied Eurolines of its substance, is going to regain market share and is now trying to get rid of th…
Read the full article at: https://www.euronews.com/2020/07/22/end-of-the-road-for-french-coach-giant-eurolines-as-company-goes-into-liquidation-after-35
