Jaguar Land Rover to axe 4500 jobs globally, 2018 sales down 4.6%

This is in addition to the 1500 people the company let go off in 2018

Jaguar Land Rover (JLR), the UK subsidiary of Tata Motors, plans to axe 4,500 jobs globally in response to slowing sales in its home market. The latter trend is a sequel to the turmoil caused by the British decision to leave the European Union (‘Brexit’), falling sales of diesel vehicles and a downturn in China,  Tata Motors said in a BSE filing on Thursday.

JLR employed around 43,000 people at the end of 2018. The estimate of layoffs is in addition to the 1,500 people the company let go in 2018. 

Thursday’s move is part of a £2.5 billion ($3.2 billion) plan