Subprime Nicholas Financial furloughs 15% of staff | Auto Finance News | Auto Finance News

Subprime Nicholas Financial furloughs 15% of staff

Photographer: Michael Nagle/Bloomberg

Nicholas Financial has furloughed 40 employees — or 15% of its workforce —  in response to the COVID-19 crisis, according to a filing with the Securities and Exchange Commission last week. Hourly employees were furloughed starting April 14, and salaried employees starting April 18. The furloughs are a “proactive” measure to safeguard the subprime lender […]

Get Auto Finance News Premium for as low as $8 per week!

Start your free one week trial today for access to the latest industry news and trends.

Subscribe

Latest Magazine Issue
Sign Up Email List