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
Group: AURES Holdings

Employment Effects

Announcement Date: 18-06-2020
Planned Job Reductions min: 300
Type of Restructuring: Internal restructuring
Employment Effect Start: 31-03-2020
Direct Dismissals: 300

Additional Information

Second-hand car dealer AAA Auto has announced 300 dismissals from its workforce of 2,000 staff in the Czech Republic due to the COVID-19 crisis. The workforce reduction was initiated in March 2020. AAA Auto is part of AURES Holdings. The group sells 86,000 cars a year and is the largest seller of used cars in Central and Eastern Europe with Czechia its biggest single market.  In total the group employs some 3,000 people. Job losses in Slovakia, Hungary and Poland in addition to those reported for Czechia bring the total to 700. 

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