Jaguar production line
UK automotive manufacturer Jaguar Land Rover has said it will reduce its global workforce by around 4,500 people as part of the next phase of its transformation programme.
The majority of job losses will take place in the UK, its home market. It follows on from 1,500 job cuts in 2018.
Announcing the cuts, Jaguar said they were part of a strategic review to “create a leaner, more resilient organisation with a flatter management structure”.
“We are taking decisive action to help deliver long-term growth in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry,” said chief executive Ralf Speth.
Earlier, Jaguar reported a 4.6% fall in sales during 2018. It sold just under 593,000 vehicles in the 12-month period. The decrease was primarily caused by falling demand from China, where the group’s sales dropped by 21.6% during the year.
Information courtesy of Leatherbiz