4,500 jobs are slashed at Jaguar Land Rover
10 January 2019
Jaguar Land Rover (JLR) announces it has cut 4,500 jobs, with the majority being in the UK, as part of a £2.5 billion plan to reverse its fortunes.
The company, which is around 40,000 workers strong in the UK, had already cut 1,000 employees at its plant in Solihull last year and reported a loss of £90 million in October. As well as this, JLR has suffered from the decrease in demand of diesel cars and a big sales loss in China.
In response to this, JLR has cut 4,500 jobs from its global workforce but the majority of the loss will hit management roles in the UK. Investment will be directed towards electrification reports the BBC, with electric drive units being produced at Wolverhampton and a new battery assembly centre established at Hams Hall, Birmingham.
"We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry," said JLR's chief executive, Ralf Speth.
Joe Morgan, GMB Regional Secretary said “GMB is obviously concerned at the loss of 4,500 jobs worldwide from JLR but are somewhat reassured that the company will be seeking voluntary redundancies in the UK rather than compulsory.
“We welcome the announcement of further investment in the Wolverhampton and Hams Hall sites but will be keeping a close eye on developments and offering our members advice and support where necessary.
“There will of course be further joint discussions between trade unions and management going forward.”