INDIANAPOLIS (Inside INdiana Business) — A Georgia-based company has announced temporary workforce reductions in Indiana due to the COVID-19 pandemic. In multiple notices to the state, Cox Automotive Inc. says it will furlough a total of more than 260 employees from its Carmel, Clarksville and Indianapolis locations beginning next week.
The furloughs are expected to begin May 17. Cox says it expects the furloughs to last for a period of up to 16 weeks.
“We are hopeful that the COVID-19 pandemic will improve in the very near future, that current economic conditions will change, and that we will be able to have employees return to work as soon as possible. However, as we cannot predict how long the COVID-19 situation will last, its public health impact, and its effects upon our operations and business, we cannot rule out that furloughs could be longer than initially anticipated.”
The company, which manages well-known brands such as Autotrader, Dealer.com, and Kelley Blue Book, says it will pay the employee portion of medical, dental, vision, life insurance and long-term disability benefits for employees currently under coverage.