EMCC European Monitoring Centre on Change

AAA Auto

Company/Organisation:
AAA Auto

Geographic Location

Country: Czechia

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
45.1 - Sale of motor vehicles
Number Employed: 2000

Employment Effects

Announcement Date: 28-11-2008
Planned Job Reductions min: 700
Planned Job Reductions max: 700
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2008

Additional Information

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.