EMCC European Monitoring Centre on Change

Oldtimer Restaurant Betriebsgesellschaft

Oldtimer Restaurant Betriebsgesellschaft

Geographic Location

Country: Austria
Location of affected unit(s): 2 units in Lower Austria, 1 unit in Corinthia


Sector: Hotel / restaurants
Accomodation and food service activities
56.29 - Other food service activities
Number Employed: 100

Employment Effects

Announcement Date: 09-06-2020
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Closure
Employment Effect Start: 01-07-2020
Direct Dismissals: 100

Additional Information

The Oldtimer Restaurant Betriebsgesellschaft has announced that it will shutdown its three highway restaurants in Lower Austria and Corinthia. As of today, the company employs 100 employees. Due to the COVID-19 crisis, the employees had already been assigned to a short-time work schedule. Facing the assumed loss of this year's holiday traffic, the company's owner stated that the lockdown has been the final blow to the battered company. The 100 employees have been registered for the early warning service of the job centre.