Tuesday, July 12, 2011

Manheim Auto Auction has laid off 96 jobs in Manheim, Pa., and closed its facility in Nashville, Tenn., and cut 127 jobs.

Manheim blamed the layoffs on the auction industry's switch to more Internet transactions instead of live auctions.  Manheim also decided to eliminate the second shift in its detailing shop in Manheim, Pa., because of a decline in institutional sales.

Manheim, Inc., is an automobile auction company.  It is the largest one in the world by volume of trade.  As a subsidiary of Cox Enterprises, Inc., Manheim provides services including financing, title work, transportation, recovery, auto body repair, dealership management systems, dent repair and remarketing technology.

Information is provided by the Plant Prospector. For more information on the product, follow this link The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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