Type
Internal restructuring
Country
European Union
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

1,300 jobs
Number of planned job losses
Job loss
Announcement Date
22 August 2008
Employment effect (start)
Foreseen end date

Description

AAA Auto, the largest used car dealer in Central Europe, has announced 1,300 dismissals in five European countries due to a financial loss of EUR 5.3 million. The workforce reduction affecting one third of the personnel has been implemented since the beginning of 2008.The firm currently employs roughly 2,500 people.


Sources

  • 22 August 2008: Hospod├írske noviny

Citation

Eurofound (2008), AAA Auto, Internal restructuring in European Union, factsheet number 66975, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66975.