Jaguar Land Rover to cut 4,500 jobs, mainly in Britain

Britain’s biggest automaker Jaguar Land Rover stated it will slash around 4,500 jobs, mostly in its home market, as it tries to combat a slowdown in China and a decrease in demand for its diesel-powered vehicles.

The firm, which hires about 40,000 people in Britain, also stated it will start producing electric drive units at its Wolverhampton engine plant and will create a new battery assembly center at Hams Hall close to Birmingham as it develops a greener range of cars.

“We are taking decisive action to help deliver long-term growth in the face of multiple geopolitical and regulatory disruptions along with technology challenges facing the automotive industry,” stated Chief Executive Ralf Speth.