Chemical company Vynova filed for bankruptcy this morning during an extraordinary works council meeting in Tessenderlo-Ham, leaving 600 employees without work.
Workers now face immediate financial uncertainty. The outlet reported that it remains unclear whether employees will receive their wages for the month of November.
Ahead of the formal filing, labor representatives placed direct blame on the company’s financial backers. ABVV Scheikunde Limburg pointed squarely at the International Chemical Investors Group, with management of Vynova Belgium and Vynova Advanced Organics scheduling the special session in Tessenderlo-Ham where the developments unfolded.
Let one thing be very clear: this bankruptcy is not the employees’ fault,
Yannick Urbain of ABVV Scheikunde Limburg told Made in
Yannick Urbain of ABVV Scheikunde Limburg asserted that employees, their families, and an entire region should not have to pay the financial price for the decisions of greedy shareholders, adding that the main culprit bears a specific name according to reporting from Made in.
Labor leaders are calling on all political levels to intervene and secure a restart focused on maintaining the highest possible level of employment for Vynova Belgium and Vynova Advanced Organics.
Union officials urged authorities and serious candidates willing to construct a durable path forward for the site and its personnel to receive maximum backing. Urging all governmental layers to join the fight for the future of the 600 workers, the labor organization emphasized that any stakeholder hoping to rescue the positions must act immediately rather than wait.
