Thread regarding Cox Automotive layoffs

Cox Automotive Layoffs - August 2017: 1000 people to be let go.

There will be early retirement packages for about 300 folks, that will help decrease the number - otherwise this would be a major hit for Cox Automotive as we are not that big if compared to other big companies. We'll see where this goes, overall the numbers are down and the customer behavior keeps changing - we'll have to change too but we'll have to do so by cutting people.

At the same time, the executive bonuses keep going up, so, the worker is being screwed again

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| 3251 views | | 2 replies (last August 15, 2017) | Reply
Post ID: @OP+OLac4NV

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USA Today Coverage - dealer.com affected, a note from Talati (no substance) and 1000 heads to be chopped.

What a year, 2017...

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Post ID: @1baq+OLac4NV

See more here:

http://www.autonews.com/article/20170814/RETAIL07/170819922/cox-sheds-staff-layoffs-retirements

Also, this is in the article:

Cox Automotive is laying off 950 employees — or roughly 3 percent of its full-time work force — in an ongoing effort to cut costs, the company said in an internal memo obtained by Automotive News.

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Post ID: @ygk+OLac4NV

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