Jaguar Land Rover to Cut 4,500 Jobs, Starting in Britain
Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union. The luxury carmaker, owned by India’s Tata conglomerate, said the cuts will be in addition to 1,500 people who left the business in 2018. The cost-cutting program will begin with a voluntary reduction program in the U.K., where some 44,000 people are employed. The latest job losses follow on from last year’s 2.5 billion-pound ($3.2 billion) turnaround plan that was designed to deal with many of the headwinds facing the …