JLR vehicle sales dip 4.6% in 2018 on China woes

CUT Thousands of workers will be laid off as part of a new business plan

"The next chapter in the story of the Jaguar and Land Rover brands will be the most exciting - and challenging - in our history", CEO Ralf Speth said in a statement.

JLR has said: "JLR is expanding a business-wide organisation review aimed at reducing the size of its "global" workforce by around 4,500 people".

The losses come on top of 1,500 mainly contract roles that were cut previous year.

The British manufacturer says the job losses will be global, but it's understood most of the redundancies will occur in the United Kingdom, where the automaker employs around 43,000 people.

"Our results were undermined by slowing demand in China, along with continued uncertainty in Europe over diesel, Brexit and the WLTP changeover". In India, the company has an assembly unit in Pune.

Mr Rees-Mogg insists JLR should stop attempting to blame Brexit for the announced job cuts and focus on their previous business choices.

Most of the cuts will be in office roles as the company wants to simplify its management structure, it said.

Ford will be talking to the unions about measures to reduce costs, including focusing on more profitable models and exiting less profitable markets.

The 4,500 fresh job losses that come from that downturn are an inevitable worry not just for JLR workers but also for firms in the West Midlands, Staffordshire and Shropshire that supply the vehicle giant.

However, JLR has already taken steps to restructure its manufacturing footprint.

Last year, fifteen hundred lost their jobs.

More than $20 Million Crowdsourced For Border Wall Will Be Refunded
We are better equipped than our own government to use the donated funds to build an actual wall on the southern border. Kolfage set up a campaign called Fight4FreeSpeech in response to the Facebook ban, which also accepts donations.

Missing Wisconsin teen found after three months, kidnapping suspect in custody
There is no evidence in the early stages of the investigation that links Patterson to the parents or to Jayme, Fitzgerald said. A shotgun believed to have been used by Patterson to shoot open the door to the Closs' home has been recovered by officers.

Embattled Florida Sheriff Scott Israel Suspended for Response to Deadly Parkland Shooting
Addressing the cameras, Israel said he is eager to get his job back to build upon his accomplishments and "complete the mission". Kaplan said Israel is barred under the suspension from communicating with Gregory Tony , the new sheriff.

JLR has moved to ensure it will still have a plant inside the European Union after Britain's planned departure from the bloc on March 29.

JLR suffered a 21-percent drop in Chinese auto sales past year, while it has sought to contain any possible Brexit fallout.

Another massive flashing red light is a collapse in sales in its biggest market - China. And sales last month were 7.2 per cent up.

In October past year, the vehicle giant unveiled a £2.5 billion turnaround plan that included cost cutting after Brexit uncertainty and slowing demand in China left it nursing a hefty second-quarter loss.

Despite this, the company continues to work closely with retailers and is taking necessary actions to balance production with demand in order to rejuvenate sales as part of turnaround plan for the business, he added.

"The economic slowdown in China along with ongoing trade tensions are continuing to influence consumer confidence".

"However, recent years have been hard".

The carmaker has a workforce of about 40,000 in the U.K. The company did not specify the types of jobs that would be affected. JLR will build the new-generation Land Rover Defender in Slovakia, analysts predict.

He said: "This region is the manufacturing capital of the United Kingdom, fantastic manufacturing businesses here, obviously led by Jaguar Land Rover". The reason it is making all these cuts is because it produces too many cars with diesel engines and its top of the range cars are not as reliable as you would want them to be.

As for JLR, its move to shed more than 10 percent of its United Kingdom workforce is aimed at delivering £2.5 billion ($3.2 billion, 2.8 billion euros) of cost cuts over 18 months, as the group looks to move further into the electric vehicle segment.

Related news:

Hot News

isis-killer-beheading-video-story-top SpaceX To Lay Off 10 Percent Of Its Workforce
Jan 13, 2019 - 09:12
SpaceX CEO Elon Musk offered the glimpse of the company's Starship test flight rocket on January 11. The company is also heavily investing in several different research and development programs.

isis-killer-beheading-video-story-top Pacquiao not looking beyond Broner title bout, Sport News & Top Stories
Jan 13, 2019 - 08:58
There are many older fighters who have won matches through craftiness and well implemented strategies. Pacquiao added: "I'm not thinking about Floyd Mayweather, my plan is one [fight] at a time".

isis-killer-beheading-video-story-top United Nations urges Australia to take in fleeing Saudi girl as refugee
Jan 13, 2019 - 08:22
Qunun has since tweeted that she felt safe "under UNHCR protection with the agreement of Thailand authorities." . The Saudi embassy in Bangkok said it "did not demand her deportation" and that the case was "a family affair".

isis-killer-beheading-video-story-top Thousands of stars, including the sun, could turn into huge crystals
Jan 13, 2019 - 08:11
"The Universe is just starting to be old enough that some white dwarfs may have reached a room temperature", Tremblay said . Scientists trained the Gaia space telescope on 15,000 white dwarf candidates within around 300 light years of Earth .

isis-killer-beheading-video-story-top Syria says air defences shoot down Israeli missiles
Jan 13, 2019 - 06:16
The last Israeli attack reported by Syrian state media was on 25 December, when a missile attack wounded three Syrian soldiers. Explosions were heard in one of the videos.

isis-killer-beheading-video-story-top Marcus Rashford can reach Harry Kane's level - Ole Gunnar Solskjaer
Jan 13, 2019 - 06:15
We are in good form and have some momentum going. "We can talk about Harry Kane and his class, and I'm sure Marcus [can get there] as well".

isis-killer-beheading-video-story-top Google sued by shareholder alleging sexual misconduct cover-up
Jan 13, 2019 - 05:28
A similar lawsuit was filed Wednesday by Northern California Pipe Trades Pension Plan and Teamsters Local 272 Labor Management Pension Fund.

isis-killer-beheading-video-story-top Quick-thinking Milwaukee bus driver saves wandering baby, dramatic video shows
Jan 13, 2019 - 04:20
While waiting for law enforcement to arrive on the scene, another passenger offers her coat to the baby. Abele called her actions "humanity at its best". "I don't take that kind of compassion for granted".

isis-killer-beheading-video-story-top Justice Ginsburg to Miss Arguments Next Week, Recovery 'On Track'
Jan 13, 2019 - 02:48
Ginsburg is the oldest member of the court, and the longest-serving member of the court's four-member liberal wing. The cancer was discovered after she was hospitalized for a fall in November that left her with three broken ribs.

isis-killer-beheading-video-story-top Donald Trump Fondly Recalls Firing 'Total Sleaze' James Comey
Jan 13, 2019 - 01:58
Strzok opened an investigation on July 31, 2016, into the Trump campaign on suspicion of colluding with Moscow, he messaged Ms. Page that, "there is no way he gets electedbut I'm afraid we can't take that risk".

isis-killer-beheading-video-story-top Willian staying at Chelsea but is told he needs to do better
Jan 13, 2019 - 01:02
Pressed on how he believes Willian can improve, Sarri said: "Usually he wants the ball on the feet - always on the feet". Blaugrana's renewed interest in the Chelsea star has made them offer Malcom plus €60m to Chelsea , who have rejected it.

isis-killer-beheading-video-story-top Joe Lieberman, 76, Says AOC, 29, Isn't The Future
Jan 13, 2019 - 01:00
In a comparison that Ocasio-Cortez would surely hate, politicos have pointed out that the NY rep. has "Trumpian" tendencies. Ocasio-Cortez has been very vocal on social media and unafraid of criticizing members of her own party.

isis-killer-beheading-video-story-top US Congresswoman Tulsi Gabbard to run for president
Jan 13, 2019 - 00:55
Gabbard was deployed to Iraq in 2005, and she maintains her role as a member of the Hawaii National Guard. She listed access to health care, criminal justice reform and climate change as key issues .

isis-killer-beheading-video-story-top U.S. shutdown stokes air safety fears
Jan 12, 2019 - 05:00
The FAA suspended training and limited safety efforts to "urgent continued operational activity to protect life and property". TSA hasn't heard of any other airport planning to shut an entire concourse like the one in Miami , Bilello said.

isis-killer-beheading-video-story-top Pandya inappropriate, unfortunate: Kohli
Jan 12, 2019 - 04:54
When two quality players (Hardik and Rahul) are not featuring, it affects the balance of the side. "We have to look at the pitch". Peter Siddle will play his first ODI since 2010, while Peter Handscomb and Usman Khawaja will play in the middle-order.