ATS Euromaster has confirmed plans to cease trading in Britain, with proposals to shut down 86 of its least profitable service centres – putting hundreds of jobs at risk
The chain is preparing to exit the UK market (stock image)(Image: Getty Images)
A major tyre and servicing chain is preparing to scale back and ultimately exit the UK market after years of cost-cutting – putting more than 700 jobs at risk.
ATS Euromaster confirmed plans to cease trading in Britain, with proposals to shut 86 of its least profitable service centres. In an effort to safeguard as many jobs as possible, the company said it is in talks with two potential buyers interested in taking over parts of its network.
Under the proposals, 35 of its 152 sites would be sold to Formula One Autocentres, while a further 14 sites would be transferred to S&M Tyres, which trades as Elite Garages.
ATS Euromaster has confirmed plans to close garage in Britain (file)(Image: Getty)
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ATS Euromaster said that once the sales were completed, the chain would be too small and geographically limited to complete effectively or operate as a viable national business. Even with the proposed transfers, 703 roles would still be at risk across its head office in Aston, its call centre, and the remaining 103 locations, Express reports.
Nick Harley, group managing director, said the move marked a “sad and difficult moment”. He explained that competition and rising costs have left the company with “no viable path forward” to break even.
“Our number one priority now is to treat every employee fairly and respectfully, fully appreciating that many have enjoyed long careers with us,” he added.
The move would put more than 700 jobs at risk (stock image)(Image: Getty Images)
“Colleagues transferring to the new owners will do so with continuity and stability, while those in locations proposed for closure will be supported through collective consultation.”
Sites earmarked for closure will continue operating during a consultation period, which is expected to run until April. If the plans are approved, the final day of trading will be May 1.
The company said staff will be offered a support package, including access to a 24-hour assistance programme and specialist help with finding new roles. Separately, it has proposed transferring 13 mobile night technicians to Tructyre, another business within the Euromaster Group that focuses on mobile tyre services for commercial vehicles.