Jaguar Land Rover cuts jobs at British plants
January 14th, 2009 - 11:57 pm ICT by IANS
London, Jan 14 (DPA) Ailing British luxury carmaker Jaguar Land Rover is to axe 450 jobs, including those of 300 managers, as part of a cost-cutting scheme following a “severe reduction” in demand for new cars, the company said Wednesday.The firm, which was bought by India’s Tata group for 1.7 billion pounds ($2.5 billion) last year, employs a staff of 15,000 at plants in Britain.
“We don’t expect sales conditions to return to normal levels for some time,” chief executive David Smith said.
“It is critical that Jaguar Land Rover becomes a more efficient and dynamic organisation to face up to the challenges that we will meet in the years ahead,” he added.
Jaguar Land Rover had been among top carmakers urging the British government to provide financial aid to the car industry.
Prime Minister Gordon Brown’s spokesman said Wednesday the government was “disappointed” at the announcement.
Last week, carmaker Nissan said it would cut 1,200 jobs at its giant plant in Solihull, northeast Britain.
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- Jaguar Land Rover to axe 450 employees - Jan 14, 2009
- British government for "good relations" with the Tatas - Jun 30, 2010
- Tata's Jaguar Land Rover, China's Chery in joint venture - Mar 21, 2012
- Jaguar Land Rover opens first plant in India - May 27, 2011
- Jaguar Land Rover to close British plant; no compulsory redundancies - Sep 24, 2009
- British MP demands to meet Ratan Tata over 'bad judgement' - Sep 27, 2009
- Britain mulling Tata's bailout plea for Jaguar Land Rover - Dec 18, 2008
- Deal to save jobs at TATA-owned Jaguar on anvil - Feb 25, 2009
- Boss of Tata-owned Jaguar Land Rover steps down - Jan 26, 2010
- BMW recalls 21,771 cars in China; Jaguar 30 - Oct 16, 2010
- A factsheet on the Tata Group - Nov 24, 2011
- Luxury car makers target India's small-town boom - Feb 05, 2012
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