UK car dealership Pendragon to cut 1,800 jobs


The UK car dealership Pendragon plans to cut 1,800 jobs, in the latest sign of the turmoil hitting the automotive industry because of the coronavirus crisis.

Pendragon said 15 of its stores would be closed as a result of a review of its operations, which started before the pandemic, with 400 job losses. A further 1,400 redundancies will be made across its dealers and its head office.

Pendragon employed about 8,000 people before coronavirus struck the UK but it had struggled from weak sales in recent years and a structural shift in the car industry.

The closures will leave it with about 150 stores.

Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

Bill Berman, Pendragon’s chief executive, said the cuts “reflect our intention to create a resilient, leaner and more profitable business across the entire group.

“These have been difficult decisions for the Board to make and our priority now is to manage the transition to our new operating model.

“The Covid-19 pandemic is a uniquely challenging situation and we want to protect as many jobs as we can sustainably and the proposed redundancies are, of course, extremely regrettable.”



READ SOURCE

READ  Car fire in city probed as arson | News, Sports, Jobs - Warren Tribune Chronicle

LEAVE A REPLY

Please enter your comment!
Please enter your name here