Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
NA
Sector
Retail
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Sale Of Motor Vehicles
45.1 - Sale of motor vehicles

700 jobs
Number of planned job losses
Job loss
Announcement Date
28 November 2008
Employment effect (start)
Foreseen end date
31 December 2008

Description

AAA Auto, one of the largest used car dealers in Europe, has announced 700 job cuts (out of a total of 2,000) across the Czech Republic by the end of 2008. The job cuts are attributed to the decline of car sales resulting in the financial loss of CZK 200 million in 2008.


Sources

  • 28 November 2008: Pr├ívo

Citation

Eurofound (2008), AAA Auto, Internal restructuring in Czechia, factsheet number 67532, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67532.