European Auto Repair Service Provider: ‘We’re Not a B-Corp’
tnt Auto Repair in the United States is a fully owned subsidiary of Absolute Auto Repair.
The company offers full service and repairs for vehicles from the Nissan Leaf to the BMW i3.
In the past, tnt was the largest and most profitable European auto repair provider.
But in 2015, it filed for Chapter 11 bankruptcy protection, saying its business model was unsustainable.
In 2016, it was sold to an investment group that acquired its parent company, and tnt has since been sold to a number of other companies.
tnt currently has five employees, but the company says it’s now looking for a new head of operations.
“It’s very difficult for us to keep a company going when you’re in a Chapter 11 situation,” founder and CEO Daniel J. O’Malley told Bloomberg News.
“But we are going to be in a better position when we’re no longer a B Corp.” tnt’s CEO, Daniel J O’Malleys, has been working with the Department of Justice to make sure that all employees are fully protected from the fallout from the bankruptcy filing.
Omely, who is also a partner in law firm Jenner & Block LLP, said that the company’s board has made clear that the financial viability of the company rests on ensuring that employees are protected from being fired.
Omg, that’s not a bad place to start.