Van Hool Announces Major Restructuring, Cutting 1,100 Jobs

Belgian bus manufacturer Van Hool is facing dire financial straits and has unveiled a drastic "Recovery Plan." The plan will  see 1,100 jobs cut over the next three years in an attempt to keep the company sustainable.

In a statement, co-CEO Marc Zwaaneveld expressed deep regret over the decision: "We understand the severe impact this plan will have on our employees and their families.  This is a difficult step, but it's vital for Van Hool's future."

Job Losses and Production Shifts

The first wave of approximately 830 job losses will occur this year through redundancies, early retirements, and natural attrition. Further cuts will take place through 2027.   A key component of the plan is the shift of bus production to North Macedonia, a move aimed at reducing operational costs.

Seeking Financial Lifeline

Van Hool's survival remains uncertain – the company must secure 45 million euros in immediate funding to avert bankruptcy. Negotiations with creditors and the Flemish government are underway, with potential government investment contingent on a new investor and agreement to the Recovery Plan.

Impact on Koningshooikt

The Koningshooikt plant in Belgium will face the brunt of the restructuring. City bus and coach production will cease entirely at the facility. However, the production of industrial vehicles, along with research and development, will remain at the site.

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