The Jaguar Land Rover Jobs Bloodbath: A Symptom of a Wider Industry Malaise The latest reports of job cuts at Jaguar Land Rover (JLR) are a stark reminder that even Britain's most iconic car manufacturer is not immune to the challenges facing the global automotive industry.
Business Secretary Jonathan Reynolds will meet JLR bosses next week in an attempt to mitigate the impact of up to 4,000 jobs being lost over two years.
The decision to focus on electric models has undoubtedly contributed to declining sales volumes and a pre tax profit of £109 million for the quarter – down from £351 million a year earlier.