Luxury carmaker Bentley will lay off around 1,000 employees in the UK amid the slowdown in the industry due to the coronavirus pandemic.
The carmaker has around 4,200 workers in UK. The move is part of a voluntary release programme to cut costs, which may be repeated in the future in case financial uncertainties continue to prevail.
“Bentley is in the middle of a major change programme started in 2018, driving for consistent financial resilience through rapid productivity improvements across the business" the company said in a release.
“Although organic growth was the planned solution for the remaining restructure challenge, this was clearly derailed by the impact of the pandemic. With this considerable forecast reduction to future revenues, Bentley has hastened plans carrying out a comprehensive review of its cost and investment structure and as the last resort, as with any organisation, the people costs and structure."
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