Jaguar Land Rover is to cut up to 5,000 UK jobs in £2.5bn cost-cutting plan amid ‘perfect storm’ of a slump in diesel sales, downturn in China and fears about post-Brexit Britain
- Carmaker employs 44,000 workers in the UK in West Midlands and Merseyside
- Blames ‘perfect storm’ of Brexit, drop in demand for diesel and poor China sales
- Rolls Royce’s boss says they will not leave the UK – but warns of no deal with EU
Car giant Jaguar Land Rover will today reveal 5,000 job cuts in the UK – more than 10 per cent of its workforce – and will blame Brexit for some of its woes.
The luxury carmaker employs 44,000 workers in the UK at sites in Halewood on Merseyside and Solihull, Castle Bromwich and Wolverhampton in the West Midlands.
The thousands of jobs will be axed as part of a £2.5 billion savings plan amid falling sales in China and a drop in demand for diesel cars.
The firm, owned by Indian conglomerate Tata, cut 1,000 temporary contract workers last year at its plant in Solihull.
But Rolls Royce’s boss today said it’s committed to the UK and won’t move overseas after Brexit – but urged MPs to avoid a no deal scenario.
Car giant Jaguar Land Rover will today reveal 5,000 job cuts in the UK – more than ten per cent of its total UK workforce
The announcement is expected to include details of sales for 2018, the business outlook for this year, an update on cost savings and planned investment in UK plants.