London, January 10
Jaguar Land Rover, owned by Indian conglomerate Tata Motors, today announced around 4,500 job cuts worldwide after the British high-end carmaker was hit by dwindling sales in China and concerns about UK’s competitiveness post-Brexit.
“We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions and technology challenges facing the automotive industry,” Dr Ralf Speth, CEO of Jaguar Land Rover (JLR) said.
The company is expanding a business-wide organisation review aimed at reducing the size of its global workforce by around 4,500 people, JLR said.
This is in addition to the 1,500 who left the company during 2018. The next phase of this transformation programme will begin with a voluntary redundancy programme in the UK. The strategic review will create a leaner, more resilient organisation with a flatter management structure, JLR CEO Speth said.
The JLR’s manufacturing is centred in the UK, with additional plants in China, Brazil, Austria and Slovakia. In India, the company has an assembly unit in Pune.
The BBC reported that the substantial majority of the 4,500 job cuts will be from JLR’s 40,000-strong UK workforce. — PTI