Jaguar Land Rover expected to announce big job cuts

Leroy Wright
January 11, 2019

As our departure from the European Union draws closer and closer, one of our most successful manufacturers, Jaguar Land Rover, announced that it was cutting 4,500 thousand jobs.

Ford announced widespread cuts across its European operations on Thursday, although large-scale job losses are not expected imminently in the UK.

The decline is part of a picture which led to JLR's recent posting of a £354m half-year loss.

We will bring you more information and reaction when it is announced.

Of the smaller pool of people still in the market for a high end auto, they might be more likely to go for a home brand such as Geely or a more environmentally friendly option that they know they will still be able to drive in a few years time.

In its biggest market, China, the vehicle industry recorded its first slump in sales in more than two decades. He said that business changes could be "significantly more dramatic" regarding the company's United Kingdom plants in the event the country crashes out of the bloc without a deal - a scenario that could see, among other things, tariffs imposed on goods traded and widespread disruption at ports.

They come in addition to the 1,500 workers who left the company a year ago.

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Steven Armstrong, Ford's European group vice president, said the company was taking "decisive action" to transform its European business. Jaguar Land Rover also froze production at an engine factory in the English Midlands, affecting 500 workers, for two weeks in December, citing slower demand.

Ford Europe reported a 245 million euro ($282 million) loss before interest and taxes in the third quarter, equivalent to a negative 3.3 per cent EBIT margin.

JLR lost 354 million pounds ($452 million) between April and September.

Automakers have been hit by a regulatory clampdown on diesel emissions ever since Volkswagen admitted to systematic cheating in 2015, leading regulators to discover massive discrepancies between real-world and theoretical pollution levels.

"Jaguar Land Rover is expanding business-wide organisation review aimed at reducing the size of its global workforce by around 4,500 people". He promised a future range of British-built electric vehicles. "We will continue to work closely with the company to support their long-term plans". "If Brexit went in the wrong direction we would have to have another look, to mitigate that", Armstrong said.

"Britain's auto workers have been caught in the crosshairs of the government's botched handling of Brexit, mounting economic uncertainty and ministers' demonisation of diesel, which along with the threat of a no deal Brexit, is damaging consumer confidence", Unite national officer Des Quinn said.

Brexit played an indirect role in the decision, Jaguar Land Rover Chief Executive Officer Ralf Speth said on a conference call, citing the United Kingdom automotive market's 6.8 per cent drop in 2018, the worst since the financial crisis.

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