JLR on 3 day week
Discussion
saaby93 said:
Jazzy Jag said:
5000 UK job losses according to the news, today.
-https://www.theguardian.com/business/2018/dec/16/j...
Especially post financial crisis, the quality of senior execs to grow businesses and revenue generate has thinned out. In the past ten years there are new CEO and chairman appointments across industries and they’re of a generation that don’t know how to build and gain revenues. So to get that horrid EBITDA target each year, they fall back to the friendly cost cut.
It’s pretty routine:
1) get the latest quarterly figures
2) shout at all the management underlings
3) demand a “plan of action”
4) call in McKinsey or Bain or BCG anyway
5) get sold on a “transformation plan”
6) announce a “...and we regret that in order to achieve this...”
The really top companies right size early, think deeply about what they want to achieve, build a great product, sell it well. The money goes to those who build products that people want.
I don’t mean to antagonise JLR owners, but are things like the XE, XF etc flying off the shelf? Does Jaguar, at the moment, build any really great, class leading products? Really high-line, irresistable choices? The odd F-Type might turn a head or two, but beyond that?
Brexit and China etc...it’s always easy to blame market conditions but I don’t believe that’s all there is to it. Anyway chewing out 5k people is a hell of a lot of restructuring cost. That money could be used better on R&D or marketing spend, a visionary leadership would argue. But if you haven’t got the product in the first place...
It’s just doom loop stuff.
tigerkoi said:
I don’t mean to antagonise JLR owners, but are things like the XE, XF etc flying off the shelf? Does Jaguar, at the moment, build any really great, class leading products? Really high-line, irresistable choices? The odd F-Type might turn a head or two, but beyond that?
The XE does seem to rate highly in comparison tests, particularly the handling and chassis.However it perhaps doesn't have regular new variants to keep the public interested - estate, coupe, hot versions etc. I think investment being diverted to the i-pace has been rather blatant.
sheepman said:
Theres a big meeting tomorrow for everyone at solihull that we all thought was about maybe coming back from Christmas shutdown later than planned....Its not unheard of for us to hear things in the news the night before something big like this is communicated to us. Crap news anyway.
If they are about to gooner people en masse, they will want to tell them before Christmas. Though I'd have expected it a bit sooner to be honest.Olivera said:
tigerkoi said:
I don’t mean to antagonise JLR owners, but are things like the XE, XF etc flying off the shelf? Does Jaguar, at the moment, build any really great, class leading products? Really high-line, irresistable choices? The odd F-Type might turn a head or two, but beyond that?
The XE does seem to rate highly in comparison tests, particularly the handling and chassis.However it perhaps doesn't have regular new variants to keep the public interested - estate, coupe, hot versions etc. I think investment being diverted to the i-pace has been rather blatant.
So said:
If they are about to gooner people en masse, they will want to tell them before Christmas. Though I'd have expected it a bit sooner to be honest.
you're not wrong we've been expecting it for a while but they keep telling us not to worry! they were the same in 2008/2009. As soon as they hit a snag they get rid of thousands, then any sniff of a recovery and they employ the world/waste money. The only difference being, the employment will probably be in Nitra when it picks back up again this time. So said:
If they are about to gooner people en masse, they will want to tell them before Christmas. Though I'd have expected it a bit sooner to be honest.
Any time in the second half of the financial year is the norm, depending on what they're trying to achieve and when/why, unless things are really desperate.6 months - 90 day consultation period & a quarter of new world to see if you're getting the expected financial improvement.
3 months - 90 days & you go into the new year 'clean' and better (from certain POVs, of course).
Any time up to the very last day - Tell everyone, provide for the costs, park them in last year's result, tell the world it has been a challenging year and that this one will be better.
Not nice for those actually affected, but that's the general thought process.
saaby93 said:
I don’t doubt the respect the press give the iPace, but working off my other point, it’s sort of irrelevant what magazines say, the general public have to want and buy significant quantities of your product. Time will obviously tell with the iPace sales. I’m happy to be wrong, but JLR (and Tata) needs some breakout economics to pull the carmaker ahead. If as people say, investment has been siphoned into iPace dev and building, then ‘good’ sales figures won’t do; it needs blistering numbers quarter by quarter, y on y, otherwise Jaguar just limps along for few more years.
craigjm said:
Olivera said:
tigerkoi said:
I don’t mean to antagonise JLR owners, but are things like the XE, XF etc flying off the shelf? Does Jaguar, at the moment, build any really great, class leading products? Really high-line, irresistable choices? The odd F-Type might turn a head or two, but beyond that?
The XE does seem to rate highly in comparison tests, particularly the handling and chassis.However it perhaps doesn't have regular new variants to keep the public interested - estate, coupe, hot versions etc. I think investment being diverted to the i-pace has been rather blatant.
Re: investment, I don’t know how heavily involved Tata Sons etc are and Tata is a big complex group, but if they want JLR to be a player, I don’t know why they don’t pump in more. Compared to BMW, they produce a fifth as many cars, with far fewer model selection, bringing in a quarter of the revenue, with a £12bn gap in margin, with a third the number of employees. So thinking about that it looks like they really could do with an extra large slug of external investment otherwise they’re trying to do a few things at once; stand still financially, ready for the future and slim down to par as greater automation kicks in that...has to be paid for!
sapf0 said:
amusingduck said:
sapf0 said:
I did say bad times were coming a while back.
Anybody heard about JLR plan to bring Vietnamese workers to the new Nitra plant?
Why Vietnamese specifically?Anybody heard about JLR plan to bring Vietnamese workers to the new Nitra plant?
@craigjm I think you'll change you mind after reading.....
"Employing foreign workers will become easier in Slovakia. On February 8th Parliament passed a revision to the law on employment services to be effective as of May 1, 2018. It will ease the import of workers from third countries for selected professions for which companies are unable to find workers and in districts with an unemployment rate below 5 percent but the number cannot comprise more than 30 percent of the total workers for any given company.
“For identified jobs, a simplified procedure would apply for third-country nationals for granting unified permits. For example, it will not be necessary to report vacancies for this purpose,” MPs for Smer Ján Podmanický, Martin Glváč and Ľubomír Petrák wrote in the draft revision.
The list of jobs, for which employers are failing to find workers will be set by a commission on the tripartite level. It will be published on the web-site of the Labour Ministry and updated annually.
Easing the import of workers from third countries should help employers to bridge the current lack of qualified labour.
Number of foreign workers in Slovakia increases
At the end of December 2017, the Labour Ministry registered 49,478 foreign workers in Slovakia. Out of them 27,726 were workers from EU member countries who do not need any special permission to work here and 21,752 people were from third countries, i.e. non-EU member countries. Most foreign workers from non-EU countries are from Serbia, the Ukraine and Vietnam. Foreign workers are employed most often in the districts of Bratislava, Trnava and Nitra.
Compared with the end of 2016, the total number of foreigners working in Slovakia increased by 14,388. At the end of December 2016, there were 35,090 foreigners working in Slovakia. Out of them 24,054 were from EU member countries and 11,036 from non-EU member countries."
https://spectator.sme.sk/c/20756618/slovakia-simpl...
"Employing foreign workers will become easier in Slovakia. On February 8th Parliament passed a revision to the law on employment services to be effective as of May 1, 2018. It will ease the import of workers from third countries for selected professions for which companies are unable to find workers and in districts with an unemployment rate below 5 percent but the number cannot comprise more than 30 percent of the total workers for any given company.
“For identified jobs, a simplified procedure would apply for third-country nationals for granting unified permits. For example, it will not be necessary to report vacancies for this purpose,” MPs for Smer Ján Podmanický, Martin Glváč and Ľubomír Petrák wrote in the draft revision.
The list of jobs, for which employers are failing to find workers will be set by a commission on the tripartite level. It will be published on the web-site of the Labour Ministry and updated annually.
Easing the import of workers from third countries should help employers to bridge the current lack of qualified labour.
Number of foreign workers in Slovakia increases
At the end of December 2017, the Labour Ministry registered 49,478 foreign workers in Slovakia. Out of them 27,726 were workers from EU member countries who do not need any special permission to work here and 21,752 people were from third countries, i.e. non-EU member countries. Most foreign workers from non-EU countries are from Serbia, the Ukraine and Vietnam. Foreign workers are employed most often in the districts of Bratislava, Trnava and Nitra.
Compared with the end of 2016, the total number of foreigners working in Slovakia increased by 14,388. At the end of December 2016, there were 35,090 foreigners working in Slovakia. Out of them 24,054 were from EU member countries and 11,036 from non-EU member countries."
https://spectator.sme.sk/c/20756618/slovakia-simpl...
sapf0 said:
It will ease the import of workers from third countries for selected professions for which companies are unable to find workers and in districts with an unemployment rate below 5 percent but the number cannot comprise more than 30 percent of the total workers for any given company.
“For identified jobs,
The list of jobs, for which employers are failing to find workers will be set by a commission on the tripartite level. It will be published on the web-site of the Labour Ministry and updated annually.
Easing the import of workers from third countries should help employers to bridge the current lack of qualified labour
This is pretty much no different to every other EU country and certainly pretty similar to the UK rules. How do Vietnamese people with no experience fit into the qualified labour requirement? “For identified jobs,
The list of jobs, for which employers are failing to find workers will be set by a commission on the tripartite level. It will be published on the web-site of the Labour Ministry and updated annually.
Easing the import of workers from third countries should help employers to bridge the current lack of qualified labour
tigerkoi said:
saaby93 said:
Jazzy Jag said:
5000 UK job losses according to the news, today.
-https://www.theguardian.com/business/2018/dec/16/j...
Especially post financial crisis, the quality of senior execs to grow businesses and revenue generate has thinned out. In the past ten years there are new CEO and chairman appointments across industries and they’re of a generation that don’t know how to build and gain revenues. So to get that horrid EBITDA target each year, they fall back to the friendly cost cut.
It’s pretty routine:
1) get the latest quarterly figures
2) shout at all the management underlings
3) demand a “plan of action”
4) call in McKinsey or Bain or BCG anyway
5) get sold on a “transformation plan”
6) announce a “...and we regret that in order to achieve this...”
The really top companies right size early, think deeply about what they want to achieve, build a great product, sell it well. The money goes to those who build products that people want.
I don’t mean to antagonise JLR owners, but are things like the XE, XF etc flying off the shelf? Does Jaguar, at the moment, build any really great, class leading products? Really high-line, irresistable choices? The odd F-Type might turn a head or two, but beyond that?
Brexit and China etc...it’s always easy to blame market conditions but I don’t believe that’s all there is to it. Anyway chewing out 5k people is a hell of a lot of restructuring cost. That money could be used better on R&D or marketing spend, a visionary leadership would argue. But if you haven’t got the product in the first place...
It’s just doom loop stuff.
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