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JLR May Cut 1,000 Jobs as Sales Sag
Jaguar Land Rover Ltd. reportedly will trim output and about 1,000 jobs at two British plants because of softening sales.
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Jaguar Land Rover Ltd. will trim output and about 1,000 jobs at two British plants because sales are softening over worries about diesel bans and the economic impact of the U.K.’s exit from the European Union, according to Reuters.
A source tells the news service the reductions will occur at factories in Solihull and Castle Bromwich. The carmaker offers no specifics but confirms it will adjust production and eliminate some contract employees in response to “continuing headwinds.”
In January JLR said it would temporarily reduce output at its Halewood plant, blaming shrinking sales on customer concerns about Brexit and looming diesel taxes and restrictions.
The British passenger-car market fell 6% last year and 12% in the first quarter of 2018, according to the Society of Motor Manufacturers and Traders. JLR says its retail sales in January-March dropped 21% in the U.K., 12% in Europe and 4% worldwide.
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