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.
Retail Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles Sale Of Motor Vehicles 45.1 - Sale of motor vehicles
300 jobs Number of planned job losses
Announcement Date
18 June 2020
Employment effect (start)
31 March 2020
Foreseen end date
Description
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.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
