EMCC European Monitoring Centre on Change

AAA Auto

Company/Organisation:
AAA Auto

Geographic Location

Country: European Union

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
45.1 - Sale of motor vehicles
Number Employed: 3800

Employment Effects

Announcement Date: 22-08-2008
Planned Job Reductions min: 1300
Type of Restructuring: Internal restructuring
Direct Dismissals: 1300

Additional Information

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.