Wibra Belgium is relaunched with 36 of 81 stores and 183 of 439 employees

Both Wibra’s spokesperson and bankruptcy trustee Jozef Dauwe confirm that the takeover plan on which an agreement has been reached is almost entirely the same as the restart plan put forward by the management during the judicial reorganization procedure. The big difference now is that the invoice for the holiday pay and the end-of-year bonuses of all employees – including those who go back to work after the restart – ends up with the fund for closing companies, which does apply a ceiling for its intervention.

For the restart, shops in all regions will be kept, the spokesperson for Wibra assures. The 183 employees who remain on board will keep their wage conditions. They will be “informed in the coming days about their personal situation and whether or not they will be offered a new employment contract,” says the chain. Wibra also adheres to “a correct reflection of the staff composition of the old Wibra, although the law does not require this”.

The business court in Dendermonde has yet to formally approve the takeover plan. According to Dauwe, the examining magistrate gave a favorable advice.

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