Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jaguar Land Rover Slices Thousands Of Jobs In UK

Video Credit: Wochit - Duration: 00:46s - Published < > Embed
Jaguar Land Rover Slices Thousands Of Jobs In UK

Jaguar Land Rover Slices Thousands Of Jobs In UK

According to Reuters, a lower demand for cars in China and a diesel car sales slump in Europe, is forcing Jaguar Land Rover (JLR) to cut thousands of jobs.

Britain’s largest carmaker makes a higher proportion of its cars there, more than any other major or medium-sized carmaker.

JLR has also spent tons of money preparing for Brexit, and the possible tariffs or customs checks that may come with it.

The carmaker already sliced out 1000 jobs in Britain, closed its Solihull plant for two weeks, reduced work days at its Castle Bromwich site, and most of all lost $450 million dollars between April and September 2018.

Reuters adds, "Its Chief Executive Ralf Speth warned in September that the wrong Brexit deal could cost tens of thousands of car jobs and posed a threat to production at the automaker." JLR employs about 40,000 people in Britain.

Unlike in the UK, they have recently increased their workforce at new facilities in China and Slovakia.


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.