JLR expected to announce job cuts

Jaguar Land Rover (JLR) is expected to announce it is cutting up to 5,000 jobs from its 40,000 strong UK workforce.

According to the BBC, management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.

The layoffs are part of a £2.5bn cost-cutting plan.

Falling sales in China and the significant downturn in diesel sales are understood to be the main reasons behind JLR’s cost-cutting ambition. About 90% of JLR’s vehicles are diesel, while China has been the company’s largest and most profitable market.

Sales in China have fallen nearly 50% in recent months, while the relationship between JLR and its Chinese sales network have been strained as dealers demand better terms and promotional incentives.