Paper factory Crown van Gelder files for bankruptcy: fewer orders, more costs

Paper factory Crown van Gelder files for bankruptcy: fewer orders, more costs
Paper factory Crown van Gelder files for bankruptcy: fewer orders, more costs

Paper factory Crown Van Gelder in Velsen-Noord has filed for bankruptcy. In a letter to the staff, which is in the hands of NH Nieuws, the management writes that it is ‘unfortunately forced to submit a petition for bankruptcy to the District Court of Noord-Holland in Haarlem.’ Crown Van Gelder exists 126 years. Just over 200 people work there.

Managing director Miklas Dronkers writes in the letter to the employees that ‘despite the positive operating result for 2022, Crown van Gelder has not been able to find a solution for the increased liquidity requirement.’

He cites the increased costs of energy and raw materials in combination with the decline in the number of orders and uncertainty about market developments as causes. The trustees will investigate whether there is any future prospect for the company in any form whatsoever.

Dronkers in the letter: “The trustees will hold meetings in the short term to inform you about the consequences of the bankruptcy for your employment contract, including – in all probability – that the UWV will take care of payment of the wages.”

During a reorganization four years ago, fifty of the then 290 employees lost their jobs at the factory that started as a producer of newsprint. ‘Due to the digitization of the daily newspapers, we have to adapt our organisation,’ Dronkers said at the time.

The article is in Dutch

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