Friday, March 29

Tag: JLR

Tata’s JLR to shed 4,500 Jobs Worldwide Amid Slumping Sales in China, Brexit Concerns
Automobile

Tata’s JLR to shed 4,500 Jobs Worldwide Amid Slumping Sales in China, Brexit Concerns

Jaguar Land Rover, owned by Indian conglomerate Tata Motors announced around 4,500 job cuts worldwide after the dwindling sales in China and concerns about UK's competitiveness post Brexit. The JLR's manufacturing is centred in the UK, with additional plants in China, Brazil, Austria and Slovakia. In India, the company has an assembly unit in Pune. As per the report, the substantial majority of the 4,500 job cuts will be from JLR's 40,000-strong UK workforce. Most of the cuts will be in office roles as the company wants to simplify its management structure, it said. China is JLR's biggest and hitherto most profitable market. In China it has hired 4,000 workers since 2014. The JLR has been saying for more than a year that Brexit uncertainty would eventually take its toll on ...