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 Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles 45 - Wholesale and retail trade and repair of motor vehicles and motorcycles
550 - 650 jobs Number of planned job losses
Announcement Date
2 April 2008
Employment effect (start)
Foreseen end date
Description
On 9 Febuary 2009, the garage and retail chain Auto Teile Unger (ATU) announced the cut of 650 jobs in January 2009. The statement followed previous announcements it would cut 350 to 550 jobs in spring 2009. The economic crisis is given for a reason. However, the company has been dealing with financial problems since 2006. ATU also said it did cut a total of 950 jobs in 2008.
Sources
9 February 2009: Financial Times Deutschland
2 April 2008: Handelsblatt
21 November 2008: Financial Times Deutschland
Citation
Eurofound (2008), Auto Teile Unger (ATU), Internal restructuring in Germany, factsheet number 66478, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66478.
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