Falling demand, chiefly in US, to blame for redundancies
Matt BirdAmid a drop in global sales of around 11 per cent, JLR has confirmed a round of voluntary redundancies for the business. It’s expected that no more than 500 roles will be lost, or 1.5 per cent of the UK workforce according to the manufacturer.
They’re all in a management capacity, rather than production-based. “JLR regularly offers eligible employees voluntary redundancy programmes. Through this limited UK VR programme for managers, JLR is aligning its leadership workforce for the business’s current and future needs," it said in a statement. The current turmoil of US politics is partly to blame, you’ll not be surprised to learn. While the end of production for combustion-engined Jaguars will also have contributed to a downturn, it feels less important than what's being levied on sales across the Atlantic. Trump may have relaxed his tariff policy for the UK, but it remains an additional tax on an expensive luxury good. Given the capricious nature of this current US administration, it’s understandable that some may be putting off a purchase in the hope of the strategy being changed again. With the US being JLR's biggest market, the ripple effects of.any upheaval are inevitable. It hasn’t been confirmed yet at which facilities the redundancies will take effect, or exactly when they will be implemented. But time waits for nobody in automotive, never more so than now. With the Jaguar relaunch and Range Rover Electric era imminent, efficiency will be the name of the game in every sense. The statement concluded: “We are grateful to the Government for delivering at speed the new UK-US trade deal, which gives us the confidence to invest £3.5bn per annum to realise our strategy which is delivering.”More news as we have it.
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