Ghent's Oldest Taxi Service in Financial Trouble

Ghent's oldest taxi company, V-tax, is grappling with significant financial challenges exacerbated by the COVID-19 pandemic, increased competition from ride-sharing services, and stringent regulations. Established after World War II and known for its connection to the Volkswagen brand, V-tax has long been a staple of the city's transportation landscape. However, the combination of these factors has pushed the company to the brink of bankruptcy, as highlighted by Joeri Crispyn from the liberal trade union ACLVB. The rise of ride-sharing platforms like Uber has intensified competition within the taxi industry, forcing traditional companies like V-tax to adapt to a rapidly changing market. While regulations are designed to ensure passenger safety and maintain service standards, they also impose additional costs that further strain V-tax's financial resources. The ongoing effects of the pandemic have compounded these issues, leading to a precarious situation for the company. Despite these challenges, V-tax's workforce of approximately 100 permanent employees remains optimistic about the company's future. Crispyn emphasizes the dedication and hard work of the staff, who are committed to fighting for the survival of the company. Their loyalty and expertise are viewed as crucial assets in the potential revival of V-tax. As V-tax navigates these turbulent times, the commitment of its employees to uphold the company's reputation and service quality may play a pivotal role in determining its fate in the competitive taxi market of Ghent.