Jaguar Land Rover will cut about 5 thousand jobs next year


British car manufacturer Jaguar Land Rover plans to cut about 5,000 employees next year, the Financial Times reports, noting that the company, which belongs to the Indian Tata Motors group, will publish the corresponding statement in early 2019. In the third quarter of this year, Jaguar Land Rover suffered a loss of 90 million pounds sterling and announced a program to reduce costs by 2.5 billion pounds. Thus, the planned dismissal of employees will be implemented under this program. The British are postponing large purchases, such as expensive cars, in connection with the upcoming Brexit. The weakening demand for Jaguar Land Rover cars is also observed in China.

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