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

160 jobs
Number of planned job losses
Job loss
Announcement Date
19 May 2014
Employment effect (start)
20 May 2014
Foreseen end date
1 July 2014

Description

Dutch Mercedes Benz car dealer EMA has announced that it will cut 160 jobs after being declared bankrupt. According to the sources, the receiver tried to find investors for at least part of the business, but was unsuccessful. EMA lost its dealer contract with Mercedes in 2011 and, following this, the company’s bank were no longer willing to finance them. 


Sources

Citation

Eurofound (2014), EMA, Bankruptcy in Netherlands, factsheet number 77289, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77289.