Published: Mon, April 16, 2018
Business | By Tara Barton

Tata Motors shares fall 4 per cent after JLR's job-cut plan

Tata Motors shares fall 4 per cent after JLR's job-cut plan

Tata Motors-owned Jaguar Land Rover on April 13 said it is planning to cut jobs as it scales back production at some of its United Kingdom sites amid what it termed as "headwinds" impacting the automotive industry.

The bulk of the staff reductions will be focused on the firm's plants in Castle Bromwich and Solihull, and said to be affecting around 1,000 agency workers.

The firm is cutting auto production because they are selling fewer diesels.

A spokesman confirmed that 1,000 agency staff at Solihull were not having their contracts renewed.

JLR said in its statement that it was continuing to recruit large numbers of highly skilled engineers, graduates and apprentices and remained committed to its United Kingdom plants.

Tata Motors shares fall 4 per cent after JLR's job-cut plan
Tata Motors shares fall 4 per cent after JLR's job-cut plan

Jaguar sales are down 26% so far this year whilst Land Rover demand dropped 20% in its home market as buyers shun diesel.

Industry figures show continuing declines in United Kingdom vehicle production mainly thanks to steep falls in domestic demand, while there are also concerns about how exports may be affected by any trade barriers which could be thrown up by Brexit. 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.

Jaguar reduced production at its Halewood plant back in January in response to sinking demand, but that move wasn't thought to involve any job losses.

Tata Motors-owned Jaguar Land Rover (JLR) on April 13 said it is planning to cut jobs as it scales back production at some of its United Kingdom sites amid what it termed as "headwinds" impacting the automotive industry.

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