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-founded Group 1 car turns out to be taking decisive action after pronouncing the closure of its Volkswagen Telford racer, just months after the final of 3 other sites.
According to a report through the Magazine of Automobile Dealers, as a result several losses of tasks are expected in the concessionaire, which will close its doors for the last time at the end of this month.
However, it is understood that the facility will function as a Middle Legal solution and service through Volkswagen.
Sources within Group 1 reported that the corporate intention to deploy many affected workers, in other places.
However, the MAG car dealership said that some workers already had to look for the use of choice, several of them marked as “open to work” on LinkedIn.
The company would be consulted with the affected employees, since its objective is to minimize the losses 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 vital year for Organization 1, which announced profits of 162. 9 million pounds sterling for the first quarter.
Consequently, investors must 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.
After the acquisition, organization 1 began an examination of its commercial functions, which affects 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 as we advance through this period of vital transition. “
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