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.
Prime Motors, one of the biggest car retailer companies in the Peloponnese went bankrupted and its 150 employees are jobless.
According to the source Prime Motors, Toyota's official retailer in Tripoli (Arcadia), Kalamata (Messinia) and Sparta (Lakonia) since 2000, declared bankruptcy leaving literally in the street 150 workers who, cannot even apply for Unemployment benefits as according to Kalamata's Labour Centre's President in "case of bankruptcy the employees are not entitled to the unemployment benefit since this is given only in cases of dissmisal". Prime Motors was founded in the beginnings 2000 in Tripoli, in the centre of Peloponnese owning three vertical units in Tripoli, Kalamata and Sparta all of them belonging to the official network of Toyota.
Eurofound (2010), Prime Motors, Bankruptcy in Greece, factsheet number 70718, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70718.