Type
Bankruptcy
Country
Netherlands
Region
Location of affected unit(s)
Sector
Retail
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Sale Of Motor Vehicles
45.1 - Sale of motor vehicles

500 jobs
Number of planned job losses
Job loss
Announcement Date
9 October 2009
Employment effect (start)
1 April 2009
Foreseen end date
8 October 2009

Description

In March 2009, Dutch car dealer Kroymans went bankrupt. For several months it was unclear how many employees would lose their jobs. On 8 October 2009, the receiver announced that over half of the 1,000 employees could remain in employment through the sale of parts of the company, while the other 500 will lose their job.


Sources

  • 9 October 2009: Het Financieele Dagblad

Citation

Eurofound (2009), Kroymans, Bankruptcy in Netherlands, factsheet number 69783, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69783.