Luxury UK Carmaker Bentley Cuts More Jobs
February 27th, 2009
Luxury UK vehicle manufacturer Bentley Motors Ltd. has cut another 220 jobs and reduced salaries by 10%. The International Herald Tribune reports that these cuts come in addition to 230 jobs the company shed in December.
The top-end vehicle manufacturer already shed 230 jobs in December. Last month the company, a subsidiary of Volkswagen AG, said it would stop production at its plant in the central English city of Cheshire for seven weeks beginning in March to deal with the collapse in the auto market.
vehicle sales have crashed as Britain has fallen deeper into recession, and the future of the country’s auto sector is in doubt. Many companies, such as Jaguar Land Rover, have asked for government help to survive. Suppliers have also suffered – British vehicle parts maker Wagon PLC filed for a form of bankruptcy in December.
Luxist, Sky News and The Guardian have more on Bentley’s latest round of cuts.
Permalink | Recent Headlines | RSS Feeds
Related posts:
- 2003-2004 Jaguar XJ recalled due to Brake Pipe Corrosion Issues NEW DELHI: Tatas-owned British luxury brand Jaguar Land Rover has...
- Auto Part Maker Bosch Expands into Solar Panel Industry Robert Bosch, the world’s biggest vehicle parts manufacturer, offered to...
- Getting Cheap Automobile Insurance policy- The way to Do it the Right Method The type of automotive you own is a massive factor...
Related posts brought to you by Yet Another Related Posts Plugin.
This entry was posted on Friday, February 27th, 2009 at 12:24 pm and is filed under automotive, cars. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.