Type
Bankruptcy
Country
Ireland
Region
Location of affected unit(s)
Galway, Clare and Tipperary
Sector
Retail
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Sale Of Motor Vehicles
45.1 - Sale of motor vehicles

190 jobs
Number of planned job losses
Job loss
Announcement Date
24 June 2009
Employment effect (start)
30 June 2009
Foreseen end date

Description

The Tom Hogan Motors, the Toyota car dealership, is to close, resulting in 190 redundancies. The car dealership has been experiencing serious trading difficulties, which forced it to go into liquidation. The car dealership had outlets in Galway, Clare and Tipperary, and was one of the largest Toyota dealerships in the country. Ireland's serious economic recession has a had a knock-on effect on car sales.


Sources

Citation

Eurofound (2009), Tom Hogan Motors, Bankruptcy in Ireland, factsheet number 69185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69185.