Business

Car dealers Pendragon and Inchcape plan to cut jobs

Published

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

By Daily Mail City & Finance

Published: | Updated:

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.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

source: dailymail.co.uk