Business Insider UK car washing giant car wash has announced it will slash about half its workforce and is reducing its production.
The company said the job cuts were due to “economic challenges.”
Car Wash has been hit by a downturn in the economy and an uncertain future in the UK.
Car Wash said in a statement it had already reduced its workforce by 25% over the last 12 months, due to the economic downturn, a “challenging economic environment and the fact that we no longer have the time or resources to meet our workforce requirements.”
“We have decided to make some difficult and difficult decisions as a result of our financial challenges and the challenges facing the business in the future,” the statement reads.
The announcement came as Car Wash and other companies across the UK saw a steep drop in demand for their services in the wake of the financial crisis.
Car wash services have been in decline in the past two years.
A survey by Deloitte found that the majority of UK car buyers and customers want the washing of their vehicles to be automated.
In February, the company announced that it would close its shops and cut its workforce.
The decision to shut down its UK operation came after the government announced it would spend £5 billion on cleaning and repairing the country’s roads and bridges.
“The closure of Car Wash will not be associated with any adverse impact on the business, but we will continue to monitor the situation closely,” the company said.
The closure of the UK car cleaning and servicing business is the latest move by the company, which has more than 150 stores across the United Kingdom.
Carwash, founded in 1972, has been struggling with declining sales since the financial collapse of 2008.
The business saw a sharp decline in sales in 2016 and 2017.
In 2018, Car Wash announced it had closed its UK branch.
The firm said the business would not reopen its branch in the United States.