Jaguar Land Rover to cut 5000 United Kingdom jobs

Jaguar Land Rover to cut 5000 United Kingdom jobs

Jaguar Land Rover to cut 5000 United Kingdom jobs

"This is in addition to the 1,500 people who left the company during 2018", the company said in a statement.

The job cuts represented about 10 percent the company's workforce.

Ninety per cent of its vehicles are diesel-powered, although it has been investing in new electric and hybrid vehicles.

There were reports a year ago that thousands of jobs could be axed as part of a £2.5 billion savings plan amid falling sales in China and a drop in demand for diesel cars, but the figure was not confirmed.

The company employs about 44,000 people in the United Kingdom.

Brexit has made the future of the UK's auto manufacturing industry uncertain, with Toyota and Vauxhall among those to warn of negative impacts in the event of a hard Brexit.

U.S. says China has pledged to buy USA as tough issues remain
The mid-level talks were the first face-to-face meeting between the two sides since their leaders met on 1 December 2018. A reduction in Chinese imports of US goods came quickly after the retaliatory imposition of tariffs, the data show.

The firm, owned by Indian conglomerate Tata, booked a £90 million pre-tax loss in the three months to September 30, which compared with a £385 million profit in the same period in 2017.

JLR, which has 44,000 workers in the United Kingdom, had cut almost 1,000 jobs in country in 20018.

JLR, based in central England, will cut some 4,500 out of 42,500 jobs, targeting managerial roles rather than production-line workers as it battles to return to profitability.

Meanwhile Jaguar Land Rover says it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.'s departure from the European Union.

Hundreds of Wolverhampton JLR workers were sent home on full pay in the run-up to Christmas, as production was slowed down in the wake of falling sales, while around 200 jobs were axed in Solihull.

Ford is now in talks with Volkswagen Group over a potential alliance, which could boost its strategic cost-cutting and boost its efforts to deliver an alternatively-fulled vehicle (AFV) drivetrain for each of its auto models.

Juventus organise signing ceremony for Arsenal midfielder Ramsey next week
It is understood his boyhood dream was to play for Barcelona but despite preliminary talks that option will not be pursued. He asked in Blackpool to play, he said: "Coach, I want to play". "After, his future belongs to him, his family and agent".

Steven Armstrong, Ford's European group vice president, said the company was taking "decisive action" to transform its European business.

Unite national officer Des Quinn said: "Ford's workforce in the United Kingdom is world class in making and developing engines and gearboxes that are shipped all over the globe".

General Motors said in November it would lay off 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric technology. The company said it would start a voluntary buyout program and implement a flatter management system as it increases investment in areas such as electrification.

Jaguar Land Rover (JLR) is expected to announce plans to cut thousands of jobs as part of a £2.5bn plan to reverse losses.

Under the plan, employment costs and employment levels will be reduced, and the job losses will be in thousands, the agency reported, citing people familiar with the matter.

Most recently it announced it would move all production of the Land Rover Discovery to a new plant in Slovakia with plans to hire up to 3,000 workers.

Australian Open 2019: Andy Murray suffers Novak Djokovic mauling in practice
Not just physically, but also mentally, to see that I could beat Grigor Dimitrov twice, he was top-10 at that time. If it would happen defending this title, I would gladly accept it.

Related news