Jaguar Land Rover Announces 500 UK Job Cuts Amid Sales Drop and US Trade Uncertainty
Jaguar Land Rover (JLR) has announced a significant job cut of 500 positions in the UK. The move, described as a 'personal embarrassment' for Prime Minister Keir Starmer by Shadow Business Secretary Andrew Griffith, comes amidst a 15.1% drop in retail sales and uncertainty over US trade relations. Former Conservative MP Andrew Bridgen suggests that the company may consider moving manufacturing to India due to rising business costs in Britain.
JLR, which posted £1.6 billion in profits last year, has struggled with falling Jaguar sales and supply chain issues. The job cuts, offered on a voluntary basis and targeting management-level positions, are part of the company's normal business practices. However, critics link the rising operational costs to the Labour Government's economic policies. Despite the challenges, JLR has paused Jaguar sales to the US and production of most Jaguar models as it prepares to relaunch the brand as fully electric.
The job cuts at JLR come against the backdrop of broader economic challenges, with UK unemployment at a four-year high of 4.7%. The company's decision to consider moving manufacturing to India, as suggested by former MP Andrew Bridgen, highlights the impact of rising business costs in Britain. JLR maintains that the redundancies are part of its normal business practices and are necessary for the company's future success.
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