Strauss Auto stores close in bankruptcy - New York News

Strauss Auto stores close in bankruptcy

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MYFOXNY.COM -

New Jersey based Strauss Auto has declared bankruptcy and closed all of its stores.

A tipster emailed a photo of a sign on a New York area location with a sign saying the store had closed and a toll free number for consumers.

The Strauss Auto web site has been reduced to a single page with the same phone number.

Gustavo Chavez of Belleville, N.J. says the stores closed overnight and more than 300 employees were left with no warning on Monday morning.

Chavez said that customer cars were locked in the shop and a management team was told to handle the process of getting the cars fixed and out of the door.

He told MyFoxNY.com that he was called at 7 a.m. on Monday and told not to bother to come to work.

The South River, N.J. based company sent a letter to employees by the USPS on Monday.

It read, in part:  "Unfortunately, we were not able to notify employees of this situation earlier because we believed that the Company would be successful in obtaining financing that would enable the Company to operate and at the same time market the Company for sale with the goal of securing employment to most of its employees."

Strauss Auto said that lenders required the company to stop operations and terminate all employees.

The letter ended with:  "We want to take this opportunity to thank you for your dedicated service and contribution to the Company.  We wish you well in your future endeavors."

It was unclear how many stores the discount chain actually had open before the bankruptcy but an archived version of the chain's site showed 45 locations.

The company's Facebook page was still live Tuesday evening and did not mention the closures or bankruptcy.

The company was founded in 1919 in Newark.

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