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Tata Motors-owned Jaguar Land Rover to slash 4,500 jobs
short by Shruti Maria Mahendar / on 11 Jan 2019,Friday
Tata Motors-owned Jaguar Land Rover plans to slash 4,500 jobs worldwide amid sales slowdown caused by Brexit, falling demand for diesel-powered vehicles and downturn in China. The cuts, representing roughly 10% of the UK-based carmaker's workforce, are part of a $3.2-billion push announced earlier to reduce costs and boost cash flow. Around 1,500 people had left the company in 2018.
short by Shruti Maria Mahendar / 09:00 am on 11 Jan
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