Jaguar Land Rover to sack 5,000 staff in UK

Automotive major Jaguar Land Rover has reportedly decided to cut 5,000 jobs in the United Kingdom, due to slumping sales in China and concerns over Brexit. The above was reported by BBC.  The iconic British carmaker is owned by India-based Tata Motors and employs more than 40,000 people in Britain. Marketing, management and administration roles are expected to be the most affected, according to the BBC report. It said the job layoffs are part of a USD 3.2 billion (2.75 billion euro) cuts programme.

The report added that JLR had been hit by a slump in Chinese sales, a downturn in diesel vehicle sales and fears about Britain's competitiveness after Brexit. The carmaker has already moved to ensure it will still have a plant inside the European Union after Britain's planned departure from the bloc on March 29. Last year October, JLR opened a 1.4-billion-euro (USD 1.6-billion) factory in Nitra, western Slovakia, its first in continental Europe. In the month of July, it had warned that a 'bad' Brexit deal could jeopardise planned investment of more than USD 100 billion, saying the future was unpredictable if free and frictionless trade with the EU and unrestricted access to its single market was not maintained.