4,500 JOBS TO GO AT JAGUAR
STAFF BEING ASKED TO TAKE VOLUNTARY REDUNDANCY PLANS ALSO REVEALED FOR NEW FACTORY AT HAMS HALL
News Reporter JAGUAR Land Rover has announced it is to cut its workforce by 4,500 jobs with the brunt of the losses being felt in the UK.
The latest cuts will come on top of the 1,500 people who left the Coventry car maker last year.
The restructure will begin with an option for staff to take voluntary redundancy.
Bosses at Jaguar Land Rover said it is part of its Charge and Accelerate programme, which aims to deliver £2.5 billion-worth of cost savings.
The company said the savings will enable Jaguar Land Rover to fund the necessary investments into technology to “safeguard its future”.
It added that the changes would “lay foundations for longterm sustainable profitable growth” and create a “leaner, more resilient organisation”.
The company has also pledged to invest in an electric future and revealed it will be producing electric motors at its engine factory in Wolverhampton and creating a new battery factory at Hams Hall in Warwickshire.
Jaguar Land Rover previously said it wanted to have electrified versions of all its vehicles available by 2022.
That would include a range of hybrid models as well as all-electric cars.
The company currently produces just one all-electric vehicle - the Jaguar I-Pace.
Jaguar Land Rover said its charge and accelerate’ programme had so far identified £1billion-worth of improvements, with more than £500million already realised in 2018.
Jaguar Land Rover’s CEO Dr Ralf Speth said: “We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry.
“The charge and accelerate programme combines efficiency measures with targeted investment, safeguarding our future and ensuring that we maximise the opportunities created by growing demand for autonomous, connected, electric and shared technologies.”
Mr Speth added: “These investments include today’s announcement that, from later this year, nextgeneration electric drive units (EDU) will be produced at the company’s Engine Manufacturing Centre in Wolverhampton.
“These EDUs will be powered by batteries assembled at a new Jaguar Land Rover Battery Assembly Centre located at Hams Hall, North Warwickshire, reinforcing the company’s commitment to the West Midlands and the UK.”