Car dealers Pendragon and Inchcape plan to cut jobs


Car dealers Pendragon and Inchcape plan to cut jobs as fallout from Covid-19 pandemic hits demand

Car dealers Pendragon and Inchcape plan to cut jobs as the fallout from the Covid-19 pandemic hits demand. 

Adding to the thousands of layoffs announced by companies across Britain, Pendragon said it would shut 15 loss-making stores and slash 1,800 jobs. 

Hit hard: Global lockdowns to tackle the pandemic have taken a heavy toll on Britain's car dealers

Hit hard: Global lockdowns to tackle the pandemic have taken a heavy toll on Britain’s car dealers

Inchcape did not specify how many employees would be affected. Global lockdowns to tackle the pandemic have taken a heavy toll on Britain’s car dealers, which were already struggling with uncertainty caused by the country’s protracted exit from the European Union. 

Rival Lookers set out plans last month to lay off 1,500 employees and shut 12 more sites.



READ SOURCE

See also  NTPC Q1 profit flat at Rs 2,603 crore, misses Street estimates

LEAVE A REPLY

Please enter your comment!
Please enter your name here