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 £ ##500 ( $ 3.2bn ) savings strategy , which aims to combat the effects of Brexit , declining economy in 2008 and declining demand for luxury cars . The move caused a Q2 2018 pre - tax loss of £ 90 m . Up to 5,000 jobs could occur , 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.