Jaguar Land Rover is cutting 450 staff; three hundred managers will be made redundant while 150 salaried agency staff will also lose their jobs.
The firm, which was bought by Tata from Ford for £1.7bn last year, said the action was to combat the credit crunch and a “severe reduction in demand”. As we have been reporting it’s a very different story when it comes to used and nearly new cars and an eventual hardening of this market could well see the pendulum swing back in favour of new vehicles. It’s disappointing, to say the very least, to see UK based manufacturers unable to weather the storm for more than a few months without resorting to laying-off highly skilled staff.
Things are changing in the motor trade on a massive scale and we here at MTI are in the thick of it, so keep watching this space.
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