Jaguar is to cut 4,000 jobs in the UK, according to the BBC:
Jaguar Land Rover (JLR) is to cut 4,000 jobs as the carmaker struggles with Chinese competition, US tariffs and the transition to electric vehicles.
The cuts will happen over the next two years and will mostly affect the head office, which is based in the UK.
Chief Executive P.B. Balaji said the firm was “committed to supporting everyone with care, fairness and respect” through the redundancy process. The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geo-political uncertainty.”
JLR is hoping to achieve the cuts through voluntary redundancy, with a window open until October 4th, but said it would make compulsory redundancies with less generous terms if necessary. Affected staff will receive an email in the coming days.
The redundancies are being made in an attempt to save £1.7 billion over the next two years.
JLR has blamed Brexit, Trump and China, but the real culprits are closer to home.
It was a different story five years ago, when the BBC reported:
