Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
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.
Eurofound (2008), AAA Auto, Internal restructuring in European Union, factsheet number 66975, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66975.