Sehar Timings Mar 30 - Ramazan 19

Lahore
LHR
04:35 AM
Karachi
KHI
05:11 AM
Islamabad
ISB
04:37 AM
Peshawar
PWR
04:41 AM
Quetta
QTA
05:06 AM

News

Luxury carmaker Bentley to axe 1,000 UK jobs

June 5, 2020 06:22 PM


German-owned luxury car brand Bentley on Friday said it would axe around 1,000 jobs in the UK as the market weathers the coronavirus-induced downturn.

The carmaker, a Volkswagen division that employs 4,200 workers in Britain, said fallout from the COVID-19 outbreak "hastened" its move to cut almost one-quarter of the UK workforce.

"Losing colleagues is not something we are treating lightly but this is a necessary step that we have to take to safeguard the jobs of the vast majority who will remain, and deliver a sustainable business model for the future," said Bentley Motors chairman and chief executive Adrian Hallmark. "COVID-19 has not been the cause of this measure but a hastener," he added.

Friday's news caps a grim week for Britain's automotive sector, which has been slammed by tanking demand as a result of the coronavirus lockdown. Car dealership group Lookers said Thursday that it would axe about 1,500 jobs and shut 12 showrooms.

James Bond's favourite carmaker Aston Martin meanwhile cut 500 jobs in response to tumbling demand and ballooning losses at the luxury group that began long before the virus appeared.

It comes as car dealerships in England reopened this week as the UK government relaxed COVID-19 measures that slammed the brakes on vehicle sales. Car sales had screeched to a near halt in April and May after Britain's lockdown imposed on March 23.

https://www.youtube.com/watch?v=3XpMCGt6uvA


Most Read

  1. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  4. Sahiba meets her father for the first time Sahiba meets her father for the first time
  5. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba
  6. ‘Khaie's incredible ending receives rave reviews and big applause ‘Khaie's incredible ending receives rave reviews and big applause

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer