UK’s largest auto manufacturer is planning to cut 1,000 jobs in a move to reduce cost as sales plummet. This is also amidst the Brexit and the rise of imported product which caused a 3% rise in inflation according to a report by CNN.
Currently, Jaguar Land Rover, who is owned by an Indian company, Tata, employs around 40,000 people in the UK alone. The job cuts are probably at their Birmingham plant where the Jaguar F-Pace, Land Rover Discovery and other Land Rover models are manufactured. Overall car sales have dropped 16% in the UK.
Thanks to the whole fallout of diesel in the industry, demand for diesel-powered Jaguar and Land Rover vehicles dropped significantly in Europe. This led to cries of diesel bans in the cities and damning reports that diesel engines harm the environment. Until the government come out with clear guidelines, a lot of people are holding off on purchasing new diesel vehicles.