Type
Internal restructuring
Country
Germany
Region
Rheinland-Pfalz; Trier; Trier
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

261 jobs
Number of planned job losses
Job loss
Announcement Date
30 August 2005
Employment effect (start)
1 October 2005
Foreseen end date
1 October 2005

Description

Car dealer group Heister, headquartered in the city of Trier (West Germany), will cut employment by 261. Heister filed for insolvency recently and can only be revived through massive cuts. The remaining employees forego extra benefits in order to save their jobs. The affected employees will partly be transferred to a job-creation company.


Sources

Citation

Eurofound (2005), Heister, Internal restructuring in Germany, factsheet number 62326, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62326.