UK’s biggest car brand Jaguar Land Rover is set to slash a “substantial” number of jobs, according to media sources, as the company faces double-digit drops in demand in China and a slump in sales for diesel cars in Europe.
— Vince Cable (@vincecable) January 10, 2019
JLR swung to a loss of £354m between April and September and had already in 2018 cut around 1,000 roles in Britain, shut its Solihull plant for two weeks and announced a three-day week at its Castle Bromwich site.
The Tata Motors-owned company will use a management briefing this afternoon to detail a £2.5bn cost-saving plan.
“The announcement on job losses will be substantial, affecting managerial, research, sales, design,” said the media source.
It is understood that about 5,000 of the company’s 40,000 UK staff will go with head office and contract jobs hardest hit, though production workers may also be affected. Production-line staff will not be affected “at this stage,” said the source.
The company’s comment is awaited.
— Debbie Abrahams MP (@Debbie_abrahams) January 10, 2019