Auto Teile Unger (ATU)

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Other Services
95 - Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95 - Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95 - Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
550 - 650 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/66478.