Mercury Finance Co. said this week that it plans to close more than a quarter of its 262 branches.

About 300 employees-one-sixth of the subprime auto lender's staff-could lose their jobs or be relocated, the company said Wednesday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.