Dec 1 (Reuters) – American car-sharing firm Zipcar, a subsidiary of Avis Budget Group, said on Monday it plans to cease its operations in the United Kingdom and suspend any new bookings beyond the end of the year.
The company added that it is awaiting timing on the closure of its operations, pending the outcome of formal consultation with its UK employees.
Zipcar proposed changes to its UK business as part of a broader transformation across international operations, an Avis Budget Group spokesperson said in an email.
“This proposal is limited to the UK market. Zipcar’s operations in the United States and all other international markets remain fully in service,” according to the statement.
Zipcar offers car rental services across Europe and North America for students and businesses, with over one million members.
It was acquired by Avis Budget Group in 2013 for about $500 million.
(Reporting by Unnamalai L and Nishara KP in Bengaluru; Editing by Shreya Biswas and Alan Barona)
