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Jardine to close Equinox division

Jardine Motors Group plans to close its Equinox Business Partners financial services division after a fall off in business.

The Newcastle-upon-Tyne business opened 18 months ago, but lower than expected business left it struggling to meet breakeven targets.

Jardine now plans to reorganise its financial and administrative structure into regional centres based around hub operations.

Around 200 staff will be offered the chance to apply for new positions within the Jardine group.

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