AGP, operating as Soliver in Belgium, is facing significant job losses, with nearly 1,000 positions at risk across its facilities in Roulers, Evergem, and Zwijnaarde after the sole potential buyer withdrew from the acquisition process.

The planned takeover had initially shown promise earlier this year; however, it ultimately faltered due to a lack of trust from major clients such as Volvo, BMW, and Volkswagen regarding the new business plan.

Curator Yves François confirmed that the current owner lacks the financial capacity to continue operations, stating that there is 'no activity left to transfer'.

Contributing to the job losses, many temporary contracts, which were typically renewed weekly, are no longer being extended.

Despite the grim outlook, limited production will continue until the end of June 2025, and employees are expected to receive their full salaries for that month.

The judicial transfer process was intended to prevent the potential buyer from inheriting the company's debts, but its failure now leaves bankruptcy as the only viable option.

Bankruptcy for AGP's three Belgian sites is anticipated in early July 2025, at which point employees will be eligible for compensation from the Business Closure Fund.

When the transfer process began on November 19, 2023, AGP employed 1,236 people in Belgium; however, this number has since declined due to reduced orders and economic unemployment, with current employment estimated between 900 and 1,100.