Jaguar Land Rover announces 4,500 job losses, starting in Britain
The IndependentSign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s biggest car manufacturer Jaguar Land Rover has announced it will cut 4,500 jobs to make £2.5bn of cost savings. Ralf Speth, chief executive of JLR, said: “We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry.” The company, owned by Indian conglomerate Tata, also announced further investment in electrification, with electric drive units to be built at its factory in Wolverhampton and a new battery assembly centre at Hams Hall in Birmingham. Jaguar Land Rover CEO on car manufacturing in the UK after Brexit Commenting on the voluntary redundancies, business secretary Greg Clark said: “This is a commercial decision for the company but nevertheless it will clearly be a worrying time for Jaguar Land Rover employees and their families. “Jaguar Land Rover is a much valued British company with a talented and dedicated workforce.” Mr Clark added: “Jaguar Land Rover and its owners have made clear they remain firmly committed to the UK, continuing to invest billions and employing tens of thousands of people.” He said the government would work closely with the business to ensure it can succeed and announced he would meet with leaders at JLR and local MPs on Monday.