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Jaguar Land Rover to axe 5,000 jobs in UK because Brexit, China

With a Q3 2018 loss of £90 million because of weak China demand, Brexit woes, and lower diesel demand, Tata has told Jaguar Land rover to cut costs.

Sources have told the Financial Times the luxury car maker is looking to cut “thousands” of jobs in the UK, with an analyst predict up to 5,000 jobs lost.

The company currently employs 40,000 people in the UK, and has already let go of 1,000 people and cut shifts at its factories.

Jaguar Land Rover has yet to confirm the report, but issued a statement that it has committed to saving £2.5 billion over the next two years.

Source: Financial Times and Autocar