Source: The Business Journals: Tampa Bay

Nicholas Financial: Nicholas Financial in Clearwater to furlough 15 percent of workforce

Another Tampa Bay company is cutting back in the face of financial pressure from the ongoing COVID-19 pandemic. In a Form 8-K filing with the U.S. Securities and Exchange Commission, Nicholas Financial Inc. (NASDAQ: NICK) announced that it will temporarily furlough 40 employees, or about 15 percent of its workforce. The affected employees will not receive compensation from the company starting April 14 for hourly workers and April 18 for salaried employees. Nicholas added that, subject to local...

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Doug Marohn's photo - President & CEO of Nicholas Financial

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Nicholas Financial provides direct consumer loans and installment sales contracts from automobile dealers. Read more