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sancho panza

Jaguar Land Rover lays off 4500.Big news in the West MIds

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Hattip Sugar Lips.

https://news.sky.com/story/jaguar-land-rover-to-slash-4500-jobs-as-part-of-25bn-plan-to-reverse-losses-11603631

Jaguar Land Rover (JLR) says it plans to cut about 4,500 jobs globally as part of a £2.5bn plan to reverse losses.

The British company, which employs 44,000 in the UK and cut 1,000 temporary workers at its plant in Solihull last year, has been hit by poor sales in China and a drop in demand for diesel cars.

It posted a £90m loss in October.
 

It is believed most of the job losses will affect its managerial, research, sales and design staff.

In its biggest market, China, the car industry recorded its first slump in sales in more than two decades.

Sales fell 6% to 22.7m units last year, the China Passenger Car Association said.

 

24 minutes ago, Sugarlips said:

Feeding back in to job losses pretty fast with JLR cutting another 4500 uk jobs and Ford doing similar (exact number unknown)

tick tock..recession in 3,2,1

 

Edited by sancho panza

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So Jaguar Landrover are blaming falling sales because of Diesel engine cars and China contraction.. 

signalling billions of investment into Hybrid technology.. So they are behind the curve by the sounds of it..  

MP on TV today blaming Brexit uncertainty.. 😂  which leads me to the conclusion that all MP’s are cunts.. 🤔

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7 minutes ago, macca said:

MP on TV today blaming Brexit uncertainty.. 😂  which leads me to the conclusion that all MP’s are cunts.. 

Brexit clearly the new "weather" (cold, hot or simply unexpectedly mild) for explaining away such things.

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The problem with LR blaming it on Brexit in particular, isn't helped by the fact their MD is the biggest anti-Brexit whinger ever. He threatened to move everything overseas before the referendum IIRC. Just deserts really.

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1 hour ago, spunko said:

The problem with LR blaming it on Brexit in particular, isn't helped by the fact their MD is the biggest anti-Brexit whinger ever. He threatened to move everything overseas before the referendum IIRC. Just deserts really.

They're also creating thousands of new jobs in Slovenia but he says investment in the UK not going down!  Maybe, with the electric cars, we'll see!

Quite like the cars, not the drivers.

My proud German neighbour bought one when the company was sold to the Germans.  His superior glee was very short lived!

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