Slow progress on shop bankruptcies in capital

A handful of city centre shops that were forced to close because of a chain of bankruptcies are being re-let.

Meanwhile, nearly half of affected staff have been rescued by parent companies, a union says.

The LCGB said that since the bankruptcy of around 20 stores, nearly half of the 75 employees who faced redundancy have been rehired by parent companies.

Geox group, which stated from the outset its desire to continue operating in Luxembourg, has signed a new lease on the property in Grand Rue. And, Director of the Luxembourg Trade Confederation Thierry Nothum, is confident that other brands will follow suit. He said: “There have been a number of calls from other groups to resume.”

Meanwhile, of the workers who were not paid for the month of August, the ADEM is reportedly working on their cases. Employees awaiting outstanding payments had until September 26 to make a claim to the ADEM. However, head of ADEM services Guy Ewert said he was still awaiting the file from the administrators.

The LCGB said it will hold a meeting on Monday with the Ministry of Middle Classes about protecting jobs in the retail sector.

Translated from an article by Maurice Fick