The parent company of Dealer.com has confirmed 45 team members were laid off at the Burlington location.
Cox Automotive says the layoffs will impact the Burlington location of Dealer.com by a four percent reduction.
The company had announced last week that it would be laying off some of its employees.
You can read the full statement that Cox Automotive sent to Local 22 & Local 44 below.
In regards to the recent news about upcoming layoffs at Cox Automotive, we are able to confirm the impact in Burlington is the reduction of approximately 45 team members which is under four percent of the workforce. We held discussions with those impacted today and are working closely with them during this transition. In addition to providing severance, employee assistance programs, and outplacement support from Cox Automotive, we are also working closely with several city and state agencies and officials to provide additional assistance to help with job placement. The types of positions impacted varies across the business.
We are confident the changes we make today will position the company for greater long-term growth, stability and profitability. Dealer.com is committed to staying in Burlington and has experienced unprecedented growth since it started nearly 20 years ago, and we are proud of its community involvement and business leadership as one of the largest employers in the state. During these two decades, the technology and business sectors in Burlington have grown tremendously with the support of the city and state, along with a growing sense of entrepreneurism. While it is difficult to say goodbye to members of the Dealer.com family, we will use all of the resources available to assist impacted team members so they may remain in the local workforce and we can all maintain a strong and vibrant Vermont.
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