StockMarketWire.com - Lookers said it would cut up to 1,500 jobs as the car dealership looked to close more of its sites in the UK amid plans to deliver savings of about £50m.

The move came as the company considered its future structure in light of potential demand, a smaller dealership estate and the structural changes taking place across the industry.

The one-off cash restructuring cost would be about £9m.


At 9:00am: [LON:LOOK] Lookers PLC share price was +2.08p at 25.38p



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