Jaguar Land Rover to cut 4,500 jobs, mainly in Britain
Britain's biggest carmaker Jaguar Land Rover said it will cut around 4,500 jobs, mainly in its home market, as it tries to tackle a slowdown in China and a slump in demand for its diesel-powered vehicles.
The firm, which employs about 40,000 people in Britain, also said it will begin producing electric drive units at its Wolverhampton engine plant and will create a new battery assembly centre at Hams Hall near Birmingham as it develops a greener range of cars.
"We are taking decisive action to help deliver long-term growth in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry," said Chief Executive Ralf Speth.
The company is aiming to save billions in costs, in order to protect long-term profits.
It's in addition to 1,500 job cuts last year.Published: by Radio NewsHub