Type
Bankruptcy
Country
Netherlands
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of motor vehicles, motorcycles and related parts and accessories
47.8 - Retail sale of motor vehicles, motorcycles and related parts and accessories

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.