UK business minister to meet Jaguar Land Rover CEO over job cuts
JLR said it needs £1.7 billion in savings and will offer salaried and management staff voluntary departures as it weighs 4,000 job cuts.
- On Sunday, Business Minister Jonathan Reynolds announced he will meet Jaguar Land Rover's CEO this week to discuss the carmaker's plans to shed 4,000 roles over two years.
- Jaguar Land Rover, owned by India's Tata Motors, needs to achieve £1.7 billion in savings over two years, prompting the company to launch a voluntary redundancy programme.
- Reynolds told the BBC on Sunday that the business environment remains "challenging" for the carmaker, which employs about 30,000 people in Britain with its largest plant in Solihull, West Midlands.
- Prime Minister Andy Burnham faces a setback from these job cuts, having taken office six weeks ago with a stated ambition to "reindustrialise" Britain.
- Earlier in September, German carmaker Volkswagen approved plans to cut 50,000 jobs amid Chinese competition, while a JLR spokesperson said, "We need to adapt to evolving global market conditions.
20 Articles
20 Articles
Jaguar Land Rover in Crisis: 4,000 Jobs at Risk Amid Challenging Market
Britain's business minister, Jonathan Reynolds, is set to meet Jaguar Land Rover's CEO amid reports of 4,000 job cuts. The company's decision stems from the need for significant savings and the impact of tariffs and competition. The move challenges the new administration's aim to revitalize Britain's industry.
Evening Standard
Minister says no bailout for Jaguar Land Rover amid job cut reports
The firm is expected to formally announce a major redundancy programme on Monday.
UK business minister to meet Jaguar Land Rover CEO over job cuts
Britain's business minister Jonathan Reynolds said he will meet Jaguar Land Rover's CEO this week to discuss job cuts at the country's biggest carmaker, amid reports it is looking to shed 4,000 roles.
The British car manufacturer Jaguar Land Rover (owned by the Indian Tata Group) plans to dismiss 4,000 workers for two years against the backdrop of the imposition of American duties by Donald Trump's administration. According to the weekly newspaper The Sunday Times, the car company's management intends to make major layoffs because of the decline in world sales and the tight Washington tariff policy. The restructuring will affect the staff of …
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