Britain’s biggest carmaker, Jaguar Land Rover, is reportedly poised to announce thousands of job cuts in January. The company has already announced plans for a major restructuring that will see the loss of up to 1,000 jobs at its British plant and an additional 500 or so across Europe. The move follows a Q2 2018 pre-tax loss of £90m. Up to 5,000 jobs could go, according to some sources.
Britain’s biggest carmaker, Jaguar Land Rover, is reportedly poised to announce thousands of job cuts in January. The move comes as part of a £2.5bn ($3.2bn) savings strategy, which aims to combat the effects of Brexit, weakening sales in China and declining demand for diesel cars. The move follows a Q2 2018 pre-tax loss of £90m. Up to 5,000 jobs could go, according to some sources.