Business · Companies · 14 hrs ago

Verwey-Jonker Institute seeks payment delay as bankruptcy looms

Verwey-Jonker Institute seeks payment delay as bankruptcy looms

The Verwey-Jonker Institute has asked a court for a delay in paying its debts, as it faces possible bankruptcy.

The independent research organisation is based in Utrecht and has operated since 1993.

It studies social issues including domestic violence, prejudice, discrimination and workplace bullying.

The institute says cuts to research budgets and clients using AI instead of researchers have contributed to its financial problems.

It has moved to cheaper premises and reduced the size of its board, but says it can no longer pay its bills.

An administrator will decide how much of its work can continue.

The institute hopes to finish as many current studies as possible this year, while longer studies and partnerships will need other arrangements.

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