Money Jaguar Land Rover to cut output and jobs due to Brexit, diesel slump - source

02:06  15 april  2018
02:06  15 april  2018 Source:   reuters.com

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"Ongoing uncertainty surrounding Brexit is being felt by customers at home and in Europe," the buying a new diesel car from April, which will likely hit Jaguar Land Rover , for whom diesel accounts for (Reuters) - A surge in Boeing led Wall Street out of a two-day slump on Wednesday, but U.S

Britain's biggest carmaker Jaguar Land Rover will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars. Jaguar Land Rover 's sales in Britain and Europe were flat in 2017 and it expects.

a close up of a car: FILE PHOTO: New Land Rover cars are seen in a parking lot at the Jaguar Land Rover plant at Halewood in Liverpool, northern England. © REUTERS/Phil Noble/File Photo FILE PHOTO: New Land Rover cars are seen in a parking lot at the Jaguar Land Rover plant at Halewood in Liverpool, northern England.

Britain's biggest carmaker Jaguar Land Rover (TAMO.NS) will cut around 1,000 jobs and production at two of its English factories due to a fall in sales caused by uncertainty around Brexit and confusion over diesel policy, a source told Reuters.

Output will be cut at its central English Solihull and Castle Bromwich plants, affecting some 1,000 agency workers, the source said.

A spokesman at Jaguar Land Rover (JLR) declined to comment on the number of jobs which would be lost but the firm said it would be making changes to its output plans.

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Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars.

LONDON - Britain's biggest carmaker Jaguar Land Rover will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars.

"In light of the continuing headwinds impacting the car industry, we are making some adjustments to our production schedules and the level of agency staff," the company said in a statement.

It is not renewing the contracts of a number of agency staff at the Solihull site and would be informing staff on Monday of its plans for the 2018-19 financial year.

In January, the firm said it would temporarily reduce production at its other British plant of Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars but did not detail any job losses.

Jaguar sales are down 26 percent so far this year whilst Land Rover demand dropped 20 percent in its home market as buyers shun diesel, concerned over planned tax rises and possible bans and restrictions in several countries.

Jaguar Land Rover confirms plans to cut 1,000 UK jobs

  Jaguar Land Rover confirms plans to cut 1,000 UK jobs Jaguar Land Rover has confirmed plans to shed 1,000 jobs as it cuts production at two sites. Britain's biggest carmaker said it had been informing employees about the decision on Monday - after reports had emerged last week.A spokesman confirmed that 1,000 agency staff at Solihull were not having their contracts renewed.Meanwhile, 362 permanent staff will be transferred from another West Midlands site, at Castle Bromwich, to Solihull.

LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars.

LONDON (Reuters) - Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars.

"It's been obvious to everyone that sales have been dropping," the source said.

British new car registrations have been falling for a year which the car industry body has partly blamed on weakening consumer confidence in the wake of the Brexit vote, after record demand in 2015 and 2016.

NOW SEE: Britain's car industry could buckle under Brexit

  Jaguar Land Rover to cut output and jobs due to Brexit, diesel slump - source © Rex

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Opinion: a plethora of new models is just what Land Rover needs .
Land Rover is bridging plenty of gaps with its new SV Coupe plus plans for a Defender pick-up and baby SUVsThe luxurious new 4x4 coupé, the £250,000 SV Coupe, strengthens Range Rover at the pinnacle of the luxury SUV range, where others such as Bentley have begun to eat its lunch. The plan for a Defender pick-up deals neatly with the ‘when will they show the icon?’ question while also finding all-important sales in a sector that Land Rover has missed in the past.

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