One of the UK's largest car loan companies, Cros Brothers Ltd, is expected to cut 600 jobs by the 2027 fiscal year.

One of the UK's largest car loan providers, the Kloos Brothers Company, expects to cut 600 jobs by the fiscal year 2027, citing rising costs related to improper sales practices in car finance. Provisions related to the scandal, as well as the costs of handling customer complaints, have dragged down the company's profits, while tighter regulatory scrutiny has also slowed the growth of its car finance business.