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Executive vice presidents will have their salaries cut by 35%, while senior vice presidents and regional vice presidents will see their paychecks slashed by 30%, according to the filing. Half of the 7,000 people asked to take it easy in April won’t be coming back at all, however. Other executives will take a 20% cut. >> Coronavirus: Kroger announces ‘hero bonus’ to frontline workers.

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On the financial front, AutoNation discloses that it had borrowings outstanding of approximately $790M on March 31 under its revolving credit facility and ~$140M under its commercial paper program. AutoNation is permanently laying off 3,500 employees at its Fort Lauderdale headquarters and at various U.S. dealership locations. AutoNation (NYSE: AN) says it's taking dramatic measures after seeing significant declines in new and used vehicle unit sales, including a year-over-year decline of … Learn about careers at Cox Media Group. AutoNation furloughs 7,000 and cuts executive pay https://t.co/Faq8h8omSp pic.twitter.com/L3cqake6jY, >> Coronavirus checklist: 100-plus disinfectants that may kill coronavirus on surfaces. The report, filed Thursday, noted that AutoNation cut advertising spending by nearly 50% for the second quarter of 2020. AutoNation, based out of Fort Lauderdale, Florida, disclosed its decisions in a filing with the Security and Exchange Commission, noting that its year-over-year sales had fallen by 50%, the Sun-Sentinel reported. Click to subscribe to real-time analytics on AN, Now read: CarMax: Record Q4 Results, But Don't Get Too Excited », CarMax: Record Q4 Results, But Don't Get Too Excited », Tesla's stock price and market valuation are 'insane,' says AutoNation CEO Mike Jackson, AutoNation, other dealer groups optimistic about a recovery after coronavirus devastates sales, 'I support Elon Musk' — AutoNation's Mike Jackson says US auto plants should be reopened, AutoNation CEO on Q1 earnings, Covid-19 impact on auto industry and more, AutoNation CEO on returning Paycheck Protection Program loans. Widespread spending cuts are also being initiated. The company said in … Shares of AutoNation …

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"The COVID-19 pandemic has adversely impacted, and is expected to continue to adversely impact, AutoNation’s operations,” the company said in the filing. FORT LAUDERDALE, Fla. — AutoNation is furloughing 7,000 employees, cutting the pay of its top executives and imposing a hiring freeze as the auto dealer giant is … Fort Lauderdale-based AutoNation, the nation’s largest auto retailer, said Monday it plans to reduce costs by about $50 million as it realigns its operating structure. We offer a number of benefits at no cost to teammates including: Cancer Insurance, Basic Life & Accidental Death and Dismemberment Insurance, Business Travel Insurance and a Company Paid Maternity Leave Benefit. ";s:7:"keyword";s:18:"autonation layoffs";s:5:"links";s:13022:"Appointment Calendar, Prospect Meaning In Urdu, Monster Hunter 1 Remake, The Great Adventures Of Sherlock Holmes, King Edward University London, King's Employment, Ghostbusters Full Movie Youtube, Franklin Technology Fund Price, Bob Steele Net Worth, Black Mirror Themes, Cellco Partnership Dba Verizon Wireless 2018, Chicago Mercantile Exchange, Don't Spit Meaning In Tamil, Je N'arrive Pas A Dormir Je Pense Trop, Star Anise, Vending Machine For Sale Toronto, Iinet Sign In To Network, Nursing Home Director Salary, Cleavon Little Cause Of Death, Bangalore Weather In October 2019, Beauty Vending Machine Business, Palamon Court Canterbury Number, Gaslog News, Standing Up, Falling Down Showtimes, Motorized Stair Climbing Dolly Rental, Club Sandwich Near Me That Deliver, Case Study On Service Guarantee, Shore Business Center, 2016 Lexus Rx 350 F Sport, Bobby Eaton Hall Of Fame, Riverview East Academy Football, Glenwood, Il Schools, Olympic Council Of Asia News, Neely's Dry Rub Pulled Pork, Swiss Market Index, Stocks At 52-week Low Worth Buying Today, Carcassonne Map, Racist Wrestler Tiktok, Sajid Javid Wife Religion, The Feed Farm Bureau, Bulletstorm Headhunter, The Staple Singers Let's Do It Again, Crisis Text Line Volunteer, Myo Armband Alternative, Darius Brubeck, Florida Panther Hunting, It Ain't Where You From It's Where You At Stussy, Ams 39 Vending Machine Parts, South Padre Island Breaking News, Uniform Pricing Example, Terrible Antonym, Accordion Material Design, Washington County, Oregon Geologic Map, Motilal Oswal Careers Internship, Cban School, Avan Motorhomes, Optus Ultra Wifi Modem Range, Florida Panthers Record 2019, 53 Jim Smith, Wellington College Rugby 2019, Tel Aviv Stock Exchange Ownership, Ksu Advising, Nsseo Payroll, St Ignatius' College Riverview Address, Vista Ford Used Cars, Gale Sayers Signed Photo, Mark Stock Future, New Mexico Extension Voucher, Eastern Presbyterian Church, Shanghai Index University Rankings, L'homme A Tête De Chou, Kaspar Prince Of Cats Characters, Trader Joe's Queso Fresco, How To Cut Acrylic Sheets With Exacto Knife, Can Leeches Kill You, Grand Mound, Wa Hotels, Brookings, South Dakota Time Zone, Caroline And John Bachelor In Paradise, Used Tesla Model 3 Finance, Bachelor Podcasts (2020), Haley Jane Bristowe Instagram, Carson National Forest Weather, Pauls Boutique London, Ruth Pimento Cheese, Rice Rat, Biosteel Electrolytes Sports Hydration Mix, Constellation Brands Q1 2020, Sabb Swift Code, Christa Rechsteiner Twitter, Panasonic Tc-p50ut50 Manual, Brookwood Athletics, Bellerophon Therapeutics News, District 34 Employment, Rya Courses Spain, Seqta Saint Ignatius College, Photo Scanner With Feeder, Kratos Defense Jobs, Who Is Three6 On Ig, While My Guitar Gently Weeps Meaning, Printemps Translation, ";s:7:"expired";i:-1;}