New Delhi: Britain’s business minister, Jonathan Reynolds, will visit the Jaguar Land Rover (JLR) chief this week, Britain said. They will discuss the company’s job cuts, the UK’s largest carmaker.
JLR may be able to reduce around 4,000 staff, it is claimed. The cuts will be spread over two years and announced via a special programme, according to reports. A program is in place that allows employees to decide to exit the workforce and receive compensation for doing so. This is known as a ‘voluntary redundancy’ scheme.
Reynolds wants to minimize employment losses if he can, he said. But he added that car makers are finding life difficult these days not just in the UK: Europe-wide. If it’s about ensuring the right labor force to help build the business, that is the discussion that should take place,” Reynolds said.
Some 30,000 people are employed by JLR in Britain. It has its prime factory in the town of Solihull in the West Midlands. Tata Motors is the owner of the company based in India.
JLR says it has to make a saving of £1.7 billion more over the next two years. This is so it can begin the new program for those who wish to leave their employment. These job cuts could be bad news for Prime Minister Andy Burnham. He has pledged numerous times to bring jobs back to Britain and has been in office for six weeks.
There have been a couple of issues recently that have impacted JLR. US President Donald Trump’s new taxes on cars have hindered the sale of JLR’s Range Rover and Defender models in the United States, a key market for the company. Meanwhile, JLR is having to compete with stiffer competition from the Chinese car makers. The Jaecoo 7 is now the third most popular car in Britain; it’s the third of the two.The third of the two is the Jaecoo 7, which is now the third best-selling car in Britain.
The company will provide more information about the layoffs in the near future.
