More automotive sector job cuts

Published by Ross Hindle on June 4th 2020, 1:01pm

Between national dealership Lookers and luxury carmaker Aston Martin, 2,000 automotive sector jobs are set to be cut in the coming weeks.

Lookers will be axing 1,500 jobs and closing 12 dealerships, while Aston Martin will be making 500 members of staff redundant.

The automotive industry has had a rough couple of years - after Brexit uncertainty led to large manufacturing closures being announced by carmakers Nissan and Honda, it has further struggled throughout the Covid-19 pandemic.

These figures are the latest in a long run of announcements that firms will be downsizing and cutting staff across the UK.

Trade body SMMT announced that monthly performance in May was down 89 per cent year-on-year - the worst performance for that month since 1952. Only 20,000 new vehicles were registered.

This 89 per cent drop, however, did follow a record 97 per cent decline in April, so it does seem that industry is on the rise following the government's announcements that lockdown would be eased.

There continue to be concerns over the long-term future of the industry, too, as regards Brexit; a spokesperson from Nissan told the BBC that the Sunderland plant - which employs some 7,000 people - would be "unsustainable" if a trade deal was not confirmed with the EU.

No doubt there will be more news about the automotive industry and Covid-19 in the weeks to come.

Share this article


Leaders of Great Britain

About Leaders of Great Britain

Leaders of Great Britain hosts a series of engaging events featuring prominent figures from the worlds of politics, sports, business, and entertainment. Our goal is for every attendee to leave these gatherings with profound leadership insights that transcend boundaries. Learn More.


Related News Stories


Authored By

Ross Hindle
Content Director
June 4th 2020, 1:01pm

Follow Us

Follow @LeadersGBNI on Twitter for more live updates

Share this article


Popular Stories

NEWS | Published April 23rd 2024, 11:00 am

Home Care Mastery: Prash Patel, CEO of Nurse Next Door England

NEWS | Published April 17th 2024, 5:05 pm

The Resilient Voyage of HFH Managing Director Mike Holliday

NEWS | Published April 17th 2024, 3:03 pm

Abide Zenenga: Pioneering Special Needs Education in the UK

© Copyright 2024, Leaders of Great Britain.