Vertu Motors which is one of the most popular dealerships will close their showrooms on Sunday as the car dealership is facing a £10 million increase in a wage bill as a direct result of Rachel Reeve’s Autumn Budget.
The Chancellor has been blamed amid her employer’s national insurance contributions and the minimum wage rise which will take affect from April. As a result, Vertu Motors will cut jobs and close showrooms this coming Sunday.
Vertu Motors operated 198 sites across the UK who employs around 7,500 people and it is expected that the car dealership will axes around 15 to 20% of the workforce.
Robert Forrester, chief executive of Vertu, said, “The Government’s ZEV Mandate is causing severe disruption to the UK new car market, and the consumer environment is subdued.
“The Government and the industry need to get together to address the root cause of the issues to allow the automotive sector in the UK to return to its traditional role of stimulating economic growth, which is a catalyst for employment.”
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