Monday, March 2, 2009

JM Family reducing workforce by 500

JM Family Enterprises laying off

Colin Brown
President and CEO

In a move that is not surprising given the current economic climate, one of the top auto dealers in the U.S., Deerfield Florida based JM Family Enterprises announced layoffs today.

JM is a 2009 finalist on the Fortune Top 100 Best Companies list.

JM Family Enterprises said Monday it is reducing its workforce by 500 companywide as part of a restructuring, with 250 of those impacted work in South Florida.

The cuts include 110 buyouts offered to employees at the Deerfield Beach-based automotive companies vehicle processing centers and parts warehouse in Jacksonville and Commerce, Ga.

Within JM Family is

  • the world's largest independent distributor of Toyotas and Scions;
  • a diversified financial services company;
  • one of the largest providers of finance and insurance products in the industry;
  • the premier provider and marketer of integrated software systems for automotive dealers;
  • the world's largest volume Lexus dealership.

JM Family at a Glance

JM Family Enterprises, Inc. is a diversified automotive corporation whose principal businesses focus on vehicle distribution and processing; finance and warranty services; insurance activities; retail sales; marketing and consulting; and dealer

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