A giant car dealership organization is to close a site despite the announcement of the main profits and a recent payment of dividends to shareholders.
The US car 1. UU. It seems to be taking decisive measures after pronouncing the closure of its Volkswagen Telford dealership, months after the closing of another 3 locations.
According to a report by MAG car dealers, a safe number of task loss is expected in the concessionaire accordingly, which is to close its doors for the last time at the end of this month.
However, it is understood that the facilities will work as a solution and legal midday service through Volkswagen.
Sources within Group 1 reported that the corporation intended to redeploy many affected workers, elsewhere.
However, the MAG Cars dealership reported that some workers have already begun for the use of choice, and several of them are marked as “open to work” in LinkedIn.
The company would be consulted with the affected workers because its objective is to minimize the loss of tasks.
But with the closure of its sales operations, it is very likely that there will be global relief in the roles on the site.
A spokesman for group 1 Automotive UK said: “Our VW Telford will continue to function as an autonomous average solution and service, and the retail operation will end on May 31, 2025. “
This year has been one for Group 1, which reported profits from the first quarter of £ 162. 9 million.
As a result, they are online to obtain a dividend of $ 0. 50 (37p) consisting of the action.
The company has already closed Volkswagen Wirral, Volkswagen Cheltenham and the Audi Hyde dealers, which in the past belonged to Inchcape.
These sites were acquired within the framework of the 346 million sterling pounds in Organization 1 to buy inchcape exhibition rooms, duplicating the presence of the company in the United Kingdom.
Following the acquisition, Group 1 began a review of its business functions, resulting in several redundancies.
A spokesman commented in November: “After completing the acquisition of Inchcape retail in August, we began to examine our commercial functions.
“This exam continues in progress that we are in an intelligent position to serve our consumers and our OEM partners as we move on as an expanded company.
“We continue to all colleagues while navigating this period of vital transition. “
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