Published: Thu, January 10, 2019
Global News | By Blake Casey

Jaguar Land Rover facing "perfect storm"

Jaguar Land Rover facing

"Unite will continue to press the vehicle maker for assurances over the jobs and skills of our members who have worked tirelessly over the past decade to make the company the global success story it is today".

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

The EDUs would be powered by batteries assembled at a new Jaguar Land Rover Battery Assembly Centre located at Hams Hall, North Warwickshire.

This means nearly one in eight United Kingdom workers will lose their jobs at the luxury carmaker, which employs 44,000 workers across the country, including around 1,800 people at its engine plant at the i54 in Wolverhampton.

Past year it was rumoured that as part of a £2.5 billion savings plan for the company thousands of jobs would be axed, but now it has been confirmed.

The firm, owned by Indian conglomerate Tata, booked a £90 million pre-tax loss in the three months to September 30, which compared with a £385 million profit in the same period in 2017. Total auto sales in China (JLR's biggest market) declined for the first time in two decades past year, as the nation's consumers reacted to the economic uncertainty surrounding the introduction of United States trade tariffs. "This is in addition to the 1,500 who left the company during 2018", Tata Motors said in a filing to the Bombay Stock Exchange. Production-line workers won't be affected, they said.

According to the broadcaster, the job layoffs are part of a £2.5 billion ($3.2 billion, 2.75 billion euro) cuts program.

"We are taking decisive action to transform the Ford business in Europe", Steven Armstrong, group vice president, Europe, Middle East and Africa, said in a statement on Thursday.

White Sox add another Manny Machado friend
Finally, all we can do as fans is await the decision, and hopefully Mr. Jay and Machado are good friends who work out together in Miami.

The move, also thought to be a result of lower demand for diesel cars, forms part of cost-cutting plan worth £2.5bn, which was devised after JLR suffered hefty financial losses in 2018.

It's a tough day for the European auto industry.

He said the announcement was not directly linked to Brexit, but he added that Ford will have to undertake a further review if the United Kingdom leaves the European Union without a deal in March.

"Britain's auto workers have been caught in the crosshairs of the Government's botched handling of Brexit, mounting economic uncertainty and ministers' demonisation of diesel, which along with the threat of a no-deal Brexit, is damaging consumer confidence".

"The next stage of this transformation programme will begin with a voluntary redundancy programme in the U.K. This strategic review will create a leaner, more resilient organisation with a flatter management structure", the company added.

They said in response: It is, of course, bad news that Jaguar Land Rover is being forced to make further job cuts.

Under the plan, employment costs and employment levels will be reduced, and the job losses will be in thousands, the agency reported, citing people familiar with the matter. Its new Slovakian factory has a capacity of 150,000.

Like this: