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
150 jobs Number of planned job losses
Announcement Date
16 July 2010
Employment effect (start)
16 July 2010
Foreseen end date
31 July 2010
Description
Prime Motors, one of the biggest car retailer companies in the Peloponnese went bankrupted and its 150 employees are jobless.
According to the source Prime Motors, Toyota's official retailer in Tripoli (Arcadia), Kalamata (Messinia) and Sparta (Lakonia) since 2000, declared bankruptcy leaving literally in the street 150 workers who, cannot even apply for Unemployment benefits as according to Kalamata's Labour Centre's President in "case of bankruptcy the employees are not entitled to the unemployment benefit since this is given only in cases of dissmisal".
Prime Motors was founded in the beginnings 2000 in Tripoli, in the centre of Peloponnese owning three vertical units in Tripoli, Kalamata and Sparta all of them belonging to the official network of Toyota.
Sources
16 July 2010: Imerisia
Citation
Eurofound (2010), Prime Motors, Bankruptcy in Greece, factsheet number 70718, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70718.
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