UK business minister to meet Jaguar Land Rover CEO over job cuts
JLR said it needs £1.7 billion in savings and will offer salaried and management staff voluntary departures as it weighs 4,000 job cuts.
- On Sunday, Business Minister Jonathan Reynolds announced he will meet Jaguar Land Rover's CEO this week to discuss the carmaker's plans to shed 4,000 roles over two years.
- Jaguar Land Rover, owned by India's Tata Motors, needs to achieve £1.7 billion in savings over two years, prompting the company to launch a voluntary redundancy programme.
- Reynolds told the BBC on Sunday that the business environment remains "challenging" for the carmaker, which employs about 30,000 people in Britain with its largest plant in Solihull, West Midlands.
- Prime Minister Andy Burnham faces a setback from these job cuts, having taken office six weeks ago with a stated ambition to "reindustrialise" Britain.
- Earlier in September, German carmaker Volkswagen approved plans to cut 50,000 jobs amid Chinese competition, while a JLR spokesperson said, "We need to adapt to evolving global market conditions.
104 Articles
104 Articles
JLR to Axe 4,000 Jobs in £1.7 Billion Cost-Cutting Blitz as UK Minister Faces Crucial Talks With Boss
Jaguar Land Rover announces up to 4,000 job cuts as part of a £1.7B cost-saving strategy. How Britain's largest carmaker plans to navigate industry challenges and invest in future growth.
Jaguar Land Rover to cut 4,000 jobs across worldwide operations over two years
Warwick and Leamington MP Matt Western has raised concerns about Jaguar Land Rover’s recent announcement that it will be making 4,000 redundancies across its operations worldwide.
The automotive sector is struggling in Europe. New illustration with this announcement of a plan to abolish jobs in the United Kingdom, at Jaguar Land Rover. According to The Times newspaper, the car manufacturer announced this Monday a voluntary departure plan. Lower sales, impact of U.S. customs duties, the difficulties are accumulating for the British manufacturer
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