Jaguar Land Rover To Cut 4,500 Jobs

Staff gather inside the gates of the Jaguar Land Rover site in Halewood near Liverpool England Thursday Jan. 10 2019. According to media reports Jaguar Land Rover is widely expected to announce up to 5,000 job cuts as the carmaker addresses slowing

Out of a total of 592,708 vehicles, almost 181,000 Jaguars were sold (a modest 1.2% growth on 2017) and just under 412,000 Land Rovers (a 6.9% drop on 2017).

British luxury carmaker, Jaguar Land Rover (JLR), owned by India's Tata Motors, on Thursday announced to cut around 4,500 jobs, mainly in the Britain, after lowering its employee headcount by 1,500 previous year.

The stock gained as much as 1.1 percent on the BSE in early trade, quoting at Rs 187.55. The automaker's sales in China alone dropped 21.6 percent past year, which contributed to a third-quarter loss of £90 million ($114.7 million U.S.) in 2018.

Total sales actually rose in the United Kingdom (7.8% to 6,706), North America (21.4% to 15,153) and Europe (7.6% to 12,389) but plunged 42.4% in China to 8,981 units, reflecting the 19% overall drop in that market in December.

The 4,500 fresh job losses that come from that downturn are an inevitable worry not just for JLR workers but also for firms in the West Midlands, Staffordshire and Shropshire that supply the vehicle giant.

The issues at JLR have arisen as Ford is also looking to cut back on its workforce numbers in Europe.

Reports said the number of Ford positions set to go would be in the thousands. Thousands more workers in the United Kingdom are part of Jaguar supply chain - jobs that will now also be at risk.

"The automotive industry, but also Jaguar Land Rover, is facing unprecedented disruption", he said.

Details of job cuts are not expected until later in the year, although staff based at Warley in the West Midlands will move to Dunton in Essex.

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"Jaguar Land Rover workers have had to endure a great deal of uncertainty over recent months as they continue to work hard to ensure the carmaker remains a global leader".

The sudden change in fortunes for a marque which, despite previous difficulties, had seemed to be on the up since its acquisition by Tata in 2008, will come as a disappointment to many, not least the 35,000 United Kingdom workers who will remain on its books beyond the proposed staffing cuts.

"If JLR have accepted £110m of subsidy of funds to take jobs out of the United Kingdom, then I am very glad indeed that I sold my Jaguar years ago". There's also an engineering and development site and headquarters of Jaguar Land Rover in Whitley, Coventry.

China is the company's biggest and most profitable market.

Armstrong said: "We are taking decisive action to transform the Ford business in Europe".

"We expect the immediate impact on Ford's United Kingdom operations to be limited".

JLR is particularly exposed to the first two of these factors.

Ford, which employs about 53,000 people in Europe across 15 plants, is said to be reviewing each of its European business in a bid to become more efficient in one of the world's most competitive markets. Ford also has a joint venture with the gearbox manufacturer Getrag on Merseyside.

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