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Tata's Jaguar Land Rover cuts 4,500 jobs worldwide on weak China demand
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London, Jan. 10 -- Buffeted by weak demand in China and other uncertainties in the motor industry, the Tata-owned Jaguar Land Rover (JLR) on Thursday confirmed shedding 4,500 jobs in addition to the 1,500 jobs it terminated in 2018.
The announcement raised further Brexit-related concerns by MPs and others in constituencies where JLR operates in the UK. Motor companies are among several who have deplored lack of certainty on the way forward on Brexit scheduled for March 29.
JLR said its next phase of 'Charge and Accelerate' transformation programme aims to deliver £2.5 billion in cost reductions and cashflow improvements over 18 months as well as long-term strategic operating efficiencies.
The next phase of the programme is expecte...
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