Business · 1 day ago
Jaguar Land Rover Loses £451m After Cutting 4,000 Jobs
Photo by Liubomyr Vovchak on Unsplash
Jaguar Land Rover has posted a £451m loss for July to September after setting aside £530m to cut 4,000 jobs, with 3,000 voluntary redundancies already agreed and most leaving at the end of November. Britain's biggest car employer blamed falling sales in China and the Middle East. Boss PB Balaji urged the UK and EU to drop their planned post-Brexit trade barriers on electric cars.
Reported by The Guardian · How we write briefs
