Flash sale platform Veepee is moving all logistics to France and Spain. As a result, the French company is closing its Belgian warehouse near Brussels, eliminating 59 jobs.
Rising costs after Covid peak
At the end of this year, Veepee’s Belgian distribution centre in Lot is to be axed. The company’s webshop will continue to operate in the Benelux, but it will no longer have its own logistics centre here.
59 jobs will disappear as a result of the closure. Negotiations with the trade unions are said to be “constructive”, local news source VRT Nws reports. Veepee is restructuring because of rising raw material, transport and energy costs since the pandemic, the company explains.
The unions hope to limit the number of redundancies, while looking for someone to take over the warehouse. Veepee emerged from the acquisition of Belgian Vente-Exclusive by larger French competitor Vente Privée. In 2020, the company posted peak sales of 3.8 billion euros, of which 182 million euros came from Belgium.