Brexit: Jaguar Land Rover to cut 1000 contract jobs

Share

It will announce its plans for 2018/19 to its workforce on Monday.

Earlier in 2018 JLR cut production at the Halewood, Merseyside plant, citing Brexit uncertainty and the dwindling market for diesel cars.

The latest set of cuts come in the wake of a weak United Kingdom market, with Jaguar sales down 26% so far this year, compared with last year, while demand for Land Rovers in Britain is down 20%.

The UK's biggest carmaker blamed the "continuing headwinds" affecting the auto industry for the move.

Key Takeaways from Wells Fargo (NYSE:WFC) 1Q18 Earnings
Marble Harbor Counsel Ltd Limited Liability Company has invested 1.14% of its portfolio in Wells Fargo & Company ( NYSE : WFC ). This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases.

More than 90 per cent of its United Kingdom sales are diesels.

It said it was continuing to recruit large numbers of engineers and apprentices and it remained committed to its United Kingdom plants. "We also remain committed to our United Kingdom plants in which we have invested more than £4bn since 2010 to future proof manufacturing technologies to deliver new models".

Some staff roles will also be moved from Castle Bromwich to Solihull.

The Lode Lane plant in Solihull is the current production site for volume-selling models including the Range Rover, Range Rover Sport, Land Rover Discovery and Jaguar F-Pace SUV.

National Film Awards to be declared today
The jury recognised the diversity in Indian cinema by distributing accolades to films belonging to different regional languages. India's official entry to the Academy Awards a year ago , Amit Masurkar's black comedy Newton , was named the Best Hindi Film .

When asked in March if there could be further production cuts at the carmaker's United Kingdom plants, Mr Speth told Ian King: "It's quite clear that if there's no demand, then we have to adapt our production levels".

That was 2.3 per cent fewer than in 2016.

Year to date, Land Rover's sales have slumped by 20 per cent compared to the same period last year.

'As an industry in which investment is heavily reliant on forward planning, industry bodies have been lobbying extensively for greater clarity around a Brexit trade deal. The vehicle manufacturer, Britain's biggest, will be particularly affected by government plans to hike vehicle excise duty on diesel cars in April - the fuel type 90 per cent of its vehicles are powered by.

Lynx draft Gophers star guard Wagner
She has excelled at everything she has ever done in her life because she's unflappable, determined and has a legendary work ethic. In addition, Wagner started all 33 of Minnesota's games last season, averaging 4.6 rebounds, 2.4 assists and 1.4 steals per game.

Share