Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Sale Of Motor Vehicles
45.1 - Sale of motor vehicles

86 - 472 jobs
Number of planned job losses
Job loss
Announcement Date
18 April 2005
Employment effect (start)
Foreseen end date

Description

Staff at Phoenix Venture Motors' eleven dealerships are likely to lose their jobs following the MG Rover collapse. Three of the dealerships were closed on Monday 18 April with the loss of 86 jobs. The remaining eight dealerships employ nearly 400 other staff and are at risk of closure too.


Sources

  • 20 April 2005: The Guardian

Citation

Eurofound (2005), Phoenix Venture Motors, Closure in United Kingdom, factsheet number 61424, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61424.