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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.
