Jaguar Land Rover 'to cut 5000 jobs' as losses continue
Jaguar Land Rover 'to cut 5000 jobs' as losses continue
Marketing roles bear brunt of Jaguar Land Rover mass layoffs
10 January, 2019, 22:42
Brexit played an indirect role in the decision, Jaguar Land Rover Chief Executive Officer Ralf Speth said on a conference call, citing the United Kingdom automotive market's 6.8 per cent drop in 2018, the worst since the financial crisis.
The company has sounded some of the most urgent warnings among United Kingdom manufacturers about the damage that Brexit uncertainty was doing to investment in the UK.
In its biggest market, China, the vehicle industry recorded its first slump in sales in more than two decades.
Jaguar employs 44,000 workers at sites in Halewood on Merseyside and Solihull, Castle Bromwich and Wolverhampton in the West Midlands.
Marketing, management and administration roles are expected to be those most affected, the BBC report said.
Jaguar also announced further investment in electrification, with electric drive units to be built at its factory in Wolverhampton and a new battery assembly centre at Hams Hall in Birmingham.
Steven Armstrong, Ford's European group vice president, said the company was taking "decisive action" to transform its European business.
In October past year, the auto giant unveiled a £2.5 billion turnaround plan that included cost cutting after Brexit uncertainty and slowing demand in China left it nursing a hefty second-quarter loss.
The company says the job losses will be global, but it's understood most of the redundancies will occur in the United Kingdom, where the automaker employs around 43,000 people.
The firm reported a £90m pre-tax loss in the three months to 30 September, compared with a £385m profit in the same period in 2017.
"The economic slowdown in China along with ongoing trade tensions is continuing to influence consumer confidence", said JLR Chief Commercial Officer Felix Brautigam. JLR said it regularly reviewed "its production schedules to ensure market demand is balanced globally".
Britain's business minister Greg Clark said on Thursday it is clear why a no-deal Brexit would add to the problems with further costs and disruption.
There has been a slump in demand for Jaguar's diesel-powered vehicles and the company said it will begin producing electric cars as a result.
Auto giant Jaguar Land Rover will announce up to 5,000 job cuts later on Thursday, according to reports.
Most recently it announced it would move all production of the Land Rover Discovery to a new plant in Slovakia with plans to hire up to 3,000 workers.
"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".
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.
On the show, he bragged about not asking the names of women at parties and how he watched them move on the dance floor. BCCI boss Rai termed the comments made by Pandya and Rahul as crass, made in bad taste and unacceptable.
The Date Day: How To Behave When you meet your date offline for the first time, there are many things that can go wrong. That is a very responsible step that will either empower or destroy the already formed relationships.
" Quantum computing can potentially provide us with capabilities to simulate nature and chemistry that we've never had before". The new system features a 20-qubit processor with improved design for stability and reliability, according to IBM.
Serena Williams' road to her record-tying Grand Slam championship could have to go through Naomi Osaka . On the women's side, Serena Williams has her sights set on a record-tying 24th career Grand Slam.
The last time Iran released US citizens from its prisons was when the nuclear agreement took effect in January 2016. A State Department official told Fox News that they are aware of the reports of USA citizens in Iranian detention.
It's still unclear if Murray will leave camp to attend the combine, but a source told Slusser he is leaning towards football. If the Cardinals don't take him, there's still likely several teams in the first round that would use a pick on him.
Yes, we live in the world of modern technologies where a teenager knows more about technologies than people in mid 30s. When writing about yourself, keep in mind that people might think of different things and have different associations.
Juventus are leading the race to sign Arsenal midfielder Aaron Ramsey when his contract expires at the end of the season. Meanwhile, European football expert Andy Brassel claims Juventus are willing to bide their time to land Ramsey.
In addition to this, they will also build their skills and knowledge levels required to implement WLAN in a small/medium network. At the end of the course, they will also be able to resolve regular issues with EIGRP, STP, and OSPF in IPv4 and IPv6 networks.
But even so, there’s no denying that he has impressive skills and he managed to lead all his football teams to big titles. Now at PSG, there are a lot of rumors that he might come back in Spain to play for life-time rivals of Barcelona, Real Madrid.
NYC Mayor Unveils "Health Care For All" Plan
And now de Blasio plans to further embrace illegal immigrants by providing them with free health care on the taxpayers' dime. Mayor Bill de Blasio rolled out legislation guaranteeing private-sector employees two weeks of paid vacation every year.
'Segregated' classroom photo sparks race row in South Africa
The controversy prompted a protest outside the school on Thursday, and some white parents retrieved their children from class. Curro Foundation School in Roodeplaat was found guilty of racism after a probe by the Gauteng education department.
Erdoğan ignores USA as he prepares assault on Kurds
Most American forces were withdrawn from Iraq in 2011, after years of political squabbling following the USA invasion in 2003. And so are the policies that produced so much needless suffering. "We'll make sure we address the concerns that they have".
Michigan Basketball: 3 things we learned from win over Indiana
The 6-foot Simpson made some running hook shots, scoring in a way undersized guards have to near the lane, according to Beilein. The Indiana Hoosiers fall to the Michigan Wolverines in Ann Arbor to move to 12-3 on the season and 3-1 in Big Ten play.
First pediatric flu death reported to NJ Department of Health
These numbers don't paint the full picture of influenza cases, because many people don't require medical treatment or get tested. Flu activity increases in October, with it peaking between December and February, according to the Centers for Disease Control.
White Sox add another Manny Machado friend
The Nationals made Harper a 10-year opening contract offer worth around $300 million earlier this offseason, the report says. After years of consistent losing, the White Sox and their loaded farm system are ready to start winning now.
How the Meat Industry Affects Our Planet
The two most popular reasons , however, are eating healthier and a strong objection to killing or using animals for food products. Highly processed meats and other food items lead to higher risks of type II diabetes, coronary heart disease, and some cancers.
How Technology Has Completely Changed the Way We Spend Money
The Rise of Mobile Payments Over the last few years, all of the major mobile innovators have stepped into the mobile payment game. As of 2016, Apple Pay had 12 million monthly users , a figure which is sure to rise substantially in the coming months and years.