Tough times at Jag Land Rover
Jaguar Land Rover is to shed 450 jobs, it has been reported. The cuts will be made up of 300 managers and 150 salaried agency staff.
Jaguar has just unveiled two new models – the XKR and the XFR – at the Detroit motor show. Indian firm Tata bought Jaguar Land Rover from Ford for £1.7bn last year and said the cuts were due to the global economic crisis.
Chief Executive David Smith said the company needs to be more efficient and added that he did not expect sales to return to normal levels ‘for some time’.
‘It is only right and proper that our response to the unavoidable impact of the credit crunch and a severe reduction in demand includes actions across all grades and functions in the company,’ he 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.’
Consultation with unions has now begun surrounding a proposed redundancy programme. Tata has claimed that it will inject tens of millions of pounds into Jaguar Land Rover.
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