UK News: Jaguar Land Rover to 'cut thousands of jobs' - PressFrom - United Kingdom

UK NewsJaguar Land Rover to 'cut thousands of jobs'

09:30  10 january  2019
09:30  10 january  2019 Source:

10,000 restaurant workers lose jobs in difficult 2018 for the industry and thousands more face the chop in 2019

10,000 restaurant workers lose jobs in difficult 2018 for the industry and thousands more face the chop in 2019 2018 saw 10,000 restaurant workers lose their jobs, compounding the worst year many High Street watchers can remember. Restaurant closures at chains such as Jamie’s Italian, Gaucho and Prezzo as well as burger spots Byron Burger and Gourmet Burger Kitchen, resulted in scores of job losses each week. Research by the Centre for Retail Research suggests that 2019 may be even worse with thousands of job losses expected at smaller independent restaurants. The Centre's director Professor Joshua Bamfield explained: 'Many of the large chains have already made cuts and, in 2019, we expect the smaller and independent restaurants to bear the weight of the losses.

Jaguar Land Rover employs 40,000 people in the UK © PA. In October, after posting a loss of £90m for the three months to September, it outlined plans to find savings of £2.5bn, including £1bn of cost reductions within 18 months, without specifying how many jobs would be lost.

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

Jaguar Land Rover to 'cut thousands of jobs' © Reuters JLR's UK plants, including this one in Solihull, employ 44,000 people

Jaguar Land Rover (JLR) is expected to announce plans to cut thousands of jobs as part of £2.5bn plan to reverse losses.

The British company, which employs 44,000 in the UK and cut 1,000 temporary contract workers at its plant in Solihull last year, has been hit by poor sales in China and a drop in demand for diesel cars.

JLR posted a £90m loss in October and announced plans to save £2.5bn, including £1bn of costs cuts.

Jaguar Land Rover to 'cut thousands of jobs' © Getty

At the time, it did not say how many jobs would be lost, although the Financial Times reported in December up to 5,000 jobs could go.

Chinese rover powers up devices in pioneering moon mission

Chinese rover powers up devices in pioneering moon mission China's space agency says all systems are go for its spacecraft and rover that have made a pioneering landing on the far side of the moon. (China National Space Administration/Xinhua News Agency via AP) BEIJING — All systems are go as a Chinese spacecraft and rover power up their observation equipment after making a first-ever landing on the far side of the moon, the Chinese National Space Administration said.

Jaguar Land Rover is planning to announce thousands of job cuts in the new year as part of a £2.5bn savings plan to ward off the threat from The carmaker said: “ Jaguar Land Rover notes media speculation about the potential impact of its ongoing charge and accelerate transformation programmes.

Carmaker has £2.5bn plan to reduce costs as sales fall in China and Europe.

JLR, owned by India's Tata Motors, operates factories in Halewood, Solihull, Castle Bromwich and Wolverhampton.

In its biggest market, China, the car industry recorded its first slump in sales in more than two decades. Sales fell 6% to 22.7m units last year, the China Passenger Car Association said.

Trade tensions between the United States and China have made Chinese consumers more cautious.

JLR's sales have also been hurt by consumer confusion and a shift away from diesel-powered cars in Europe following the VW emission cheating scandal. More than 80% of JLR's vehicles are sold with diesel engines in Europe.

Gallery: Companies facing a make or break in 2019 (Lovemoney)

The company has also been grappling with the cost of Britain's decision to leave the European Union on 29 March.

It has warned a poor exit deal could cost it £1.2bn a year.

The company has opened a £1bn plant to Slovakia where it currently employs 1,500 people.

Brexit has made the future of the UK's car manufacturing industry uncertain, with Toyota and Vauxhall among those to warn of negative impacts in the event of a hard Brexit.

Philip rides again! The Duke of Edinburgh, 97, is back behind the wheel of a new Land Rover ALONE and without a seatbelt two days after he crashed into car carrying a mother and baby.
EXCLUSIVE: he Duke of Edinburgh, 97, could be seen driving into the main entrance gate to the Sandringham estate on his own without a seatbelt on Saturday afternoon. It comes less than 48 hours after he was left bloodied and shaken when his car 'somersaulted across the road' after colliding with a Kia on the A149 in Babingley, Norfolk. Witnesses revealed Philip was shaking and pleading 'get me out' after his Land Rover crashed while he was out driving alone without a protection officer. A motorist who swerved around the wreckage said the duke was 'hanging from his seat' and saying 'my leg is trapped'.

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