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
267 jobs Number of planned job losses
Announcement Date
21 September 2016
Employment effect (start)
12 September 2016
Foreseen end date
16 September 2016
Description
Car dealership City Motor Holdings has entered administration with the immediate loss of 267 jobs. Administrators for the company which operated twelve sites in the south of England blamed the closure on the increased number of user cars being imported to the UK. The sites which have closed are based across Hampshire and Berkshire in Basingstoke, Newbury and Reading. A total of nineteen members of staff have been kept on by the administrators in order to manage the winding down of the company.
Sources
21 September 2016: BBC Website
Citation
Eurofound (2016), City Motor Holdings, Closure in United Kingdom, factsheet number 88769, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88769.
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