Bankruptcy was pronounced in the Helio graph located in Fleurus. Almost 200 jobs will be removed. On Friday, the administration announced its intention to declare bankruptcy. According to her, the activity is no longer viable in the current market conditions.
The bankruptcy of the Helio company in Charleroi was pronounced on Monday morning by the company's court. 182 jobs will be involved.
"It's a drama, we did not expect it, a factory like ours, the flagship of printing in Europe … We were actually run for three years by incompetent people. We thought we were safe there, and in fact he was pulling us for the focus of their activities in the Netherlands and other European companies.It was better for things to go quickly because the workers do not have any compensation.Finance is not declared, we have no right to return our file unemployed and so look for an employee The salary of employees is no longer paid since the beginning of the month, workers since the 15th of the month The internal administration is trying to find solutions to pay ", says Dimitri Lacassagne, union delegate Setca.
The European printing industry has been undergoing permanent restructuring for several years due to the continued decline in print volumes, Hélio explained in his statement. "This setback has led to structural overcapacity and deadly price competition, leading to reorganizations, closures and bankruptcies across Europe."
The reduced availability of paper accelerated this downward spiral last year and led to higher prices. This increase, however, can not be passed on to the customer, the company adds. "Already operating in difficult market conditions, an even greater reduction in volumes and a loss of orders in the retail market in 2018 created an unsustainable situation"continues the direction.