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.
Group 1 car founded in the United States is to take decisive measures after pronouncing the closure of its Volkswagen Telford corridor, only months after the final of 3 other sites.
According to a report by MAG car dealers, a safe number of task loss is expected at the concessionaire, 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 corporate intention to deploy many affected workers, in other places.
However, car dealership Mag said some workers already had to look for the job of choice, several of them marked as “open for 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 a general relief in the roles on the site.
A spokesperson for Group 1 Automotive UK said: “Our VW Telford will continue to operate as a semi-autonomous solution and service, with retail operation ending on 31 May 2025. “
This vital year for Organization 1, which announced profits of 162. 9 million pounds sterling for the first quarter.
Consequently, investors must earn a dividend of $0. 50 (37p) consistent with the stock.
The company has already closed Volkswagen Wirral, Volkswagen Cheltenham and the Audi Hyde dealerships, 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, Group 1 began a review of its commercial functions, which resulted 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 as we advance through this period of vital transition. “
© News Group Newspapers Limited in England No. 679215 Registered Office: 1 London Bridge Street, London, SE1 9GF. “The Sun”, “Sun”, “Sun Online” are registered trademarks or names of limited newspapers. This service is provided in the popular terms and situations of limited newspapers of the newspapers according to our privacy and cookie policy. To locate on a license to play equipment, our syndication site. See our online press package. For other requests, tonos. To see all the content of the sun, use the site card. SUN’s online page is regulated through the Independent Popular Press Organization (IPSO)
Our new fists try precision, but sometimes we make mistakes. To obtain more main points in our complaint policy and register a complaint, click this link: Thesun. co. uk/editorial-demainnts/