China’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 Britain 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.
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.