Thousands of jobs are expected to cut at Jaguar Land Rover in the New Year as part of a £2.5bn savings plan to ward off the threat from Brexit.
40,000 workers have been appointed by Britain’s biggest carmaker in the UK. and has already cut 1,000 temporary contract workers at its plant in Solihull, which builds Range Rovers and the Land Rover Discovery SUV.
To save their cost it has also reduced working hours for some workers, including at its Wolverhampton factory in the run-up to Christmas.
Plans for further job cuts come after the car manufacturer made a £90m loss in the third quarter as it has been hit by a lessening demand for diesel cars and costs associated with Brexit.
In October the group announced its “Change and Accelerate” transformation programme which aims to deliver £2.5bn in cost savings by 2020.
Tata Motors has appointed Boston Consulting Group to put together the turnaround plan. A spokesperson for the company said: “Jaguar Land Rover notes media speculation about the potential impact of its ongoing Charge and Accelerate transformation programmes. It aims to deliver £2.5bn in cost savings by 2020.
> Shiuly Rina
