Jaguar Land Rover is planning to slash 4,500 jobs Worldwide amid sales slowdown caused by Brexit.
Jaguar Land Rover is planning to slash 4,500 jobs worldwide amid sales slowdown caused by Brexit.
The slashes, representing approximately 10% of the Jaguar Land Rover’s workforce, are part of a $3.2-billion push announced earlier to decrease costs and increase cash flow.
The Bloomberg reports falling demand for diesel-powered vehicles and downturn in China is one of the major reasons for slashing significant number of jobs.
In 2018, approximately 1,500 people had left the Tata Motors-owned Jaguar Land Rover.
Jaguar Land Rover has been a subsidiary of Tata Motors since they founded it for the acquisition of Jaguar and Land Rover from Ford in 2008.
On 1 January 2013 the operations of Jaguar and Land Rover were merged as Jaguar Land Rover.
