Jaguar Land Rover set to slash thousands of UK jobs amid decaying demand


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Jaguar Land Rover set to slash thousands of UK jobs amid decaying demand

On Thursday, the 10th of January, the Jaguar Land Rover (JLR), UK’s largest carmaker has said that they have been planning to cut thousands of Jobs in UK, as the company is facing sharp decline in China and a snap in the sales over the diesel cars in Europe over new environment policies.

The Tata Motor owned Jaguar Land Rover currently employs over 40,000 people in UK and it had boosted its manpower in Slovakian and Chinese firms in recent years. The Central England based, JLR manufacturers a higher proportion of cars in UK than any of its competitors and it had spent millions while preparing for the Brexit. The Chief Executive of JLR, Ralf Speth warned in last September that a wrong Brexit deal would cost tens of thousands of car jobs and pose a threat to the auto making industry. The JLR had drained 354 million pounds in the second quarter of 2018 and had already slashed over 1,000 jobs in Britain.

Adding further strains to past year’s tumbles, its Solihull plant had been shut down for two weeks. A JLR spokesman said on condition of anonymity, “The announcement on job losses will be substantial, affecting managerial, research, sales, design.