It is not clear exactly how much employment is lost at the company. According to a spokesman, these are ‘dozens’ of jobs.
ID&T is the company behind festivals such as Awakenings, Mysteryland, Thunderdome and Amsterdam Open Air. Due to the corona crisis, the company was hardly able to organize any events last summer.
The organization writes that these are ‘difficult and emotional times’, despite the government measures on which the organization relies.
“Unfortunately, this also means that we can no longer avoid pre-sorting for a worse scenario, in which it may still take a considerable time before we are fully operational again,” writes ID&T foreman Ritty van Straalen in a statement in which the ‘radical reorganization’ is announced.
In August, the judge ruled that insurers ID&T had to pay an advance of 1.3 million euros on the corona damage suffered. Meanwhile, according to Van Straalen, a settlement has been reached with three of the four insurance companies that initially wanted to appeal.
Each year ID&T organizes about eighty events, with a total of around 1.5 million visitors. The ID&T group includes companies such as b2s, ID&T Events, Q-dance, Monumental (Awakenings), Air Events, Art of Dance and VD Events.
Platinum Agency and Most Wanted DJ-agency are also included, as well as management agency Headliner Entertainment
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