9,350.01 TRY BIST 100 BIST 100
5.52 CNY CNY CNY
45.60 EUR EUR EUR
39.37 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
44.10 TRY Interest Interest
73.88 USD Fossil Oil Fossil Oil
46.12 USD Silver Silver
4.81 USD Copper Copper
94.27 USD Iron Ore Iron Ore
328.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,296.29 TRY Gold (gr) Gold (gr)

Belgian steelmaker Liberty Liège officially declared bankrupt

Belgium-based steelmaker Liberty Liège, a subsidiary of Romania-based Liberty Galati, has been declared officially bankrupt by the Commercial Court of Liège after failing to raise the necessary funds to maintain its assets.

Belgian steelmaker Liberty Liège officially declared bankrupt

The closure of the company directly affects around 550 employees. They have not received their regular salaries since January and were unable to apply for unemployment benefits until the bankruptcy was declared. With the bankruptcy declared today, curators will be able to forward dismissal certificates, C4 forms and other social documents to workers. This will give them the status of job seekers and start the process of claiming unemployment benefits.

Farouk Chennit, regional secretary of the ACV-CSC Metea union, stated, "The declaration of bankruptcy will allow workers to register as job seekers and apply for unemployment benefits. They will also be able to process all rights arising from the employer's termination of the contract,"

On the other hand, the unions regretted that the loan they requested from the Walloon Region to keep the plant running ahead of a possible takeover was not granted. They emphasized that they remain hopeful that a new investor will be found and the future of the plant will be secured through the bankruptcy process.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Oman establishes industrial training center with Jindal Steel

Tuesday, June 17, 2025

UNESID urges Spain and Europe to protect the competitiveness of the steel industry

Tuesday, June 17, 2025

Poland's comprehensive transformation plan for the steel sector: Competitiveness and sustainability at the forefront

Tuesday, June 17, 2025

Political risks in Middle East steel market create upward pressure on prices

Tuesday, June 17, 2025

Türkiye's billet imports decreased by 2.6% in April

Tuesday, June 17, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now