Anger over the job threat after dealership boss Pendragon receives £ 413,000 bonus
- Pendragon provided redundancy advice to 250 of its 400 accountants
- Chairman and CEO Bill Berman received a bonus payment of £ 413,000
- Pendragon has received £ 52 million in taxpayers’ money and has already cut 1,800 jobs
Car dealer Pendragon has caused anger among its workforce by putting hundreds of jobs at risk while its boss’s bonus has been questioned.
Sunday’s mail can show that the company has included 250 of its 400 accountants in a redundancy consultation that is slated to end next month.
The company, which owns Stratstone and Evans Halshaw, will cut jobs at its dealerships and centralize roles at its Nottingham headquarters, creating 110 new roles there.
Jobs at risk: Pendragon has involved 250 of its 400 accountants in redundancy advice
Pendragon suffered a major riot this month when investors, including 13% shareholder Anders Hedin, condemned a £ 413,000 bonus payment to Chairman and CEO Bill Berman, increasing his total package to £ 923,000.
The payout came in a year Pendragon had received £ 52 million in taxpayers’ money and had already cut 1,800 jobs.
400 workers were killed when 15 showrooms closed and 1,400 left after an operational inspection that began before the pandemic.
One staff member said, “I am disappointed to have to leave after years of service. Ultimately, people are costly and cutting back will reduce the bottom line. It pisses you off that the manager is getting his bonus while we are losing our jobs. ‘
The company said: ‘Unfortunately, these measures will lead to changes in our workforce. However, we believe this new feature will make an important contribution to our ability to meet the challenges of a changing market. ‘