Jaguar Land Rover job cuts cloud future of United Kingdom vehicle industry

CUT Thousands of workers will be laid off as part of a new business plan

Ford and Jaguar Land Rover unveiled sweeping job cuts across Europe on Thursday as auto makers struggle with a slump in demand for diesel vehicles, tougher emissions rules and a global economic slowdown led by China.

Brexit played an indirect role in the decision, Jaguar Land Rover Chief Executive Officer Ralf Speth said on a conference call, citing the United Kingdom automotive market's 6.8 per cent drop in 2018, the worst since the financial crisis.

Meanwhile, Ford signalled "significant" cuts among its 50,000-strong European workforce under plans to make it more competitive and make its business more sustainable. They will affect mostly workers in the United Kingdom, including contractors, senior management, supervisors, engineering, and design workers, according to people familiar with the matter who asked not to be named discussing details that weren't announced. "We have great belief in the potential of JLR's distinctive premium products and brands as well as in JLR's design and engineering capabilities", Tata Motors Chairman, N. Chandrasekaran said in late December. The layoffs, representing roughly 10% the company's workforce, come on top of the 1,500 people who left in 2018, the company said Thursday in a statement. It had been on course to build around 1 million vehicles by the turn of the decade.

JLR's chief executive Ralf Speth said on Thursday he needed to go further as part of the company's turnaround plan.

A year ago it was rumoured that as part of a £2.5 billion savings plan for the company thousands of jobs would be axed, but now it has been confirmed.

Novak Djokovic, Simona Halep chosen as top seeds for Australian Open
The Serb was winning 6-1, 4-1 when their allotted time came to an end in front of 2000 spectators. There was very little to be positive about against Djokovic, however.

May losing control over Brexit process after two defeats in Parliament
May had been hoping to have up to 28 days to come up with a new agreement or an alternative Brexit plan if her deal is voted down .

R. Kelly under Investigation following Lifetime's Documentary
The singer has long since dodged conviction, getting acquited of charges of child pornography back in 2008. The couple was interviewed in the docuseries, along with numerous other women .

He said: "In JLR, market conditions, particularly in China, have deteriorated further. It's the single biggest challenge", JLR's finance chief, Ken Gregor, told analysts on a financial results call in November.

Tata Motors stock has lost more than 60 percent of value in the last one year after outlook for the JLR brand in China, one of its key markets, roiled. Diesel has been pummelled since the Volkswagen emissions cheating scandal of 2015, prompting a crackdown and higher levies, Reuters reports. He said that business changes could be "significantly more dramatic" regarding the company's United Kingdom plants in the event the country crashes out of the bloc without a deal - a scenario that could see, among other things, tariffs imposed on goods traded and widespread disruption at ports.

With the fallout from the VW emissions scandal continuing to be felt, United Kingdom sales of diesel cars declined by 29.6 per cent in 2018.

In October, JLR opened a 1.4-billion-euro ($1.6-billion) factory in Nitra, western Slovakia, its first in continental Europe. It's already moved all Land Rover Discovery production overseas to eastern Europe. In the same year, JLR also announced to invest in its Solihull plant to support the introduction of the next generation Range Rover and Range Rover Sport.

Related News:

  • Teacher who allegedly separated NW school learners suspended

    Teacher who allegedly separated NW school learners suspended

    A mother of one of the black learners was quoted as saying: "This was meant to be an exciting day for me but it's not". He added: "We are suspending her [the teacher] because we want the investigation to be fair and free".
    Jets To Hire Adam Gase As Next Head Coach

    Jets To Hire Adam Gase As Next Head Coach

    Multiple sources say the Jets wanted to make sure they hired the right coach to help develop Sam Darnold . His résumé includes serving as an offensive coordinator for the Denver Broncos and Chicago Bears.

    "New captain" Saunders has Wolves' trust in interim role

    Several Timberwolves players attended the coach's wedding. Everyone believes in him, respects him, trusts him. I think he's prepared a long time for this moment.
  • Chinese Wang Qiang seeded 21st at Australian Open

    Chinese Wang Qiang seeded 21st at Australian Open

    Roger Federer , aiming for his third successive Australian Open title and seventh overall, will play Uzbekistan's Denis Istomin . Not just physically, but also mentally, to see that I could beat Grigor Dimitrov twice, he was top-10 at that time.
    Alien proof: Radio signals discovered in deep space

    Alien proof: Radio signals discovered in deep space

    Fast radio bursts have been speculated to be the result of everything from exploding stars to transmissions from aliens. The project wasn't yet living up to its full potential, suggesting that there are plenty more bursts to be discovered.
    White House: Tax Refunds To Be Sent Out Despite Government Shutdown

    White House: Tax Refunds To Be Sent Out Despite Government Shutdown

    The Trump administration said that the IRS will send out tax refunds , despite the partial government shutdown . The partial government shutdown began over a dispute about border wall funding on December 22.
  • Rape coma baby 'nearly died' at Hacienda Healthcare, police confirm

    Rape coma baby 'nearly died' at Hacienda Healthcare, police confirm

    The woman is a member of the San Carlos Apache Tribe and has always been in a vegetative state, the tribe's chairman said Tuesday. Phoenix police are now investigating the case and have issued a warrant to check the DNA of Hacienda employees .
    Mercedes-Benz CLA 4-door coupe is targeted at younger drivers

    Mercedes-Benz CLA 4-door coupe is targeted at younger drivers

    Like it or not, the curvy four-door "coupe" introduced in 2013 became the banner for Mercedes-Benz entry-level luxury in the U.S. The company will introduce in over 10 new products, including an array of products from the performance brand AMG, this year.
    AMD 7nm Ryzen 3rd Generation processors will come mid

    AMD 7nm Ryzen 3rd Generation processors will come mid

    While we all had assumed ( based on the logo trademark ) that it would be called Radeon Vega II , it is in fact called Radeon VII. The Vega 10 is built on GlobalFoundries' 14nm process; the Vega 20 is built on TSMC's 7nm process.
  • China Says Beijing Talks Lay Foundation For Trade Resolution

    China Says Beijing Talks Lay Foundation For Trade Resolution

    The US economy grew at an annual rate of 3.4 percent in the third quarter but surveys show consumer confidence weakening. But the statement did not say if the two sides have reached any agreement during the talks that concluded on Wednesday.
    Iran says it is holding US Navy veteran

    Iran says it is holding US Navy veteran

    She filed a missing persons report after White failed to board his July 27, 2018, flight back to the US , according to the AP. His family say he suffers from acute asthma and shortly before his latest visit he underwent chemotherapy for a neck tumour.
    Kelly faces new criminal investigation following dream hampton's Lifetime doc

    Kelly faces new criminal investigation following dream hampton's Lifetime doc

    Families who have tried to rescue their daughters whom they say Kelly has taken captive also appeared in the series. Savage and his wife have said repeatedly that Kelly has kept their daughter from contacting them since 2016.


Most liked

New York City To Roll Out Program Guaranteeing Health Care to Residents
On Twitter , the Mayor wrote there would be an expansion to the public option and a new program called NYC Care. The policy is expected to benefit hundreds of thousands of New Yorkers from a wide range of industries.

Pompeo seeks to rally Mideast allies against Iran, IS
Secretary of State Mike Pompeo just began a tour of eight Middle Eastern nations to discuss the withdrawal of the American troops. Dunford did not say this during his meetings [Tuesday] with Turkish defense officials", a Joint Staff statement said.

Victorian man charged over suspect embassy packages
More than a dozen foreign offices received suspicious packages on Wednesday, including the USA and British missions in Melbourne. The substance in the packages is "suspected to have been sourced from his Shepparton home" in Northern Victoria, police said.

Meghan Markle's Father Thomas Defends Her Amid Kate Middleton Feud Speculation
Lady Colin Campbell has claimed Meghan Markle has "considerably changed" Prince Harry , who is said to be "besotted" by her. But Meghan and Kate put any fall out behind them on Christmas Day as they attended church in Sandringham.

Rare penny found in Pittsfield selling for $120,000
Lutes got the coin authenticated in 1958 by Walter Breen during a New England Numismatic Association convention in Worcester. Now, some 70 years later, the coin is being auctioned off . and the current highest bid is well over $100,000.

Meghan Markle's patronages confirmed after National Theatre website gaffe
Meghan will continue in her role as joint-patron for The Royal Foundation, which was set up by Princes William and Harry. Meghan Markle has officially been announced as patron of four organisations, taking over two of those from The Queen .

Serena handed tough draw in quest for record 24th Slam
She has also dealt with the off-court attention that tennis stardom brings, joking online with Hollywood heartthrob Michael B. The year's first grand-slam will feature top names of tennis arena, aiming to grab the title.

Jeff and MacKenzie Bezos are divorcing after 25-year marriage
The decision to divorce comes after a trial separation, according to a statement posted Wednesday on Jeff Bezos' Twitter account. With a fortune estimated at around $ 137 billion , Jeff Bezos is rated the world's wealthiest man by Forbes and Bloomberg .

Chinese rover beings exploring ‘dark’ side of moon
However, as Harvard professor Abraham Loeb noted, the relay satellite itself could be a source of radio contaminate for the sky. Once these checks were complete, the Yutu-2 rover rolled off of the lander at 10:22 pm local time (09:00 am EDT; 06:00 am PDT).

McCaw plans to join Raptors
He agreed to an offer sheet with the Cleveland Cavaliers on December 28, which the Warriors elected to not match. The Raptors, who waived Lorenzo Brown on Monday, will welcome McCaw as a depth piece.

Ranveer Singh impresses as aspiring rapper in 'Gully Boy' trailer
Along with Ranveer and Alia, Bollywood actor Kalki Koechlin will also be seen essaying a prominent role in the film. Meanwhile, speaking about the movie, this is the first time Ranveer and Alia are coming together for a movie.

Northern California man accused of stealing $10M lottery ticket from roommate
But cases like this show that the high-stakes contest can also motivate more petty forms of personal betrayal. The lottery investigated, learned the ticket was believed stolen, and arranged for Saosongyang's arrest.

What hope for markets in the US-China trade talks?
The talks are occurring as Chinese growth - 6.5 percent in the July-to-September period - fell to its lowest point in a decade. But as meetings wound down in Beijing on Tuesday evening, Trump tweeted: "Talks with China are going very well! ".

Trump's address sparks debate inside, outside TV networks
People who believe Trump is a dire threat to the country think that TV networks should not help spread his propaganda. It's rare, but not unprecedented, for networks to say no to a presidential request for airtime.

Huawei unveils the Kunpeng 920 - the most powerful ARM-based server CPU
Huawei on Monday launched the Kunpeng 920 , a faster ARM-based server CPU, bringing global computing power to the next level. Huawei's new ARM-based CPU is not a competitor to the US company's x86 CPUs and servers , but complementary, Mr.