Autonation inc says placed about 7,000 employees on unpaid leave

Autonation inc says placed about 7,000 employees on unpaid leave, implemented temporary base pay reductions for associates, frozen new hiring - sec filing.autonation inc - have also taken actions to reduce advertising expenses by about 50% for q2 of 2020.autonation inc - postponed over $50 million of capital expenditures through q2 of 2020.autonation inc - compensation adjustments include 50% salary reductions for executive chairman and ceo and president.autonation inc - board of directors will also temporarily waive their retainer fee.autonation inc - covid-19 pandemic has adversely impacted, and is expected to continue to adversely impact, autonation’s operations.autonation - have seen significant declines in new, used vehicle unit sales, including yoy decline of about 50% during last two weeks of march 2020.
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