Tata Motors-owned Jaguar Land Rover to slash 4,500 jobs
Tata Motors-owned Jaguar Land Rover plans to slash 4,500 jobs worldwide amid sales slowdown caused by Brexit, falling demand for diesel-powered vehicles and downturn in China. The cuts, representing roughly 10% of the UK-based carmaker's workforce, are part of a $3.2-billion push announced earlier to reduce costs and boost cash flow. Around 1,500 people had left the company in 2018.