Jaguar job losses: Busi­ness lead­ers is­sue call for unity

Warwickshire Telegraph - - NEWS - By ENDA MULLEN

BUSI­NESS lead­ers have is­sued a call for unity in the re­gion on what was de­scribed as “a difficult day” for Jaguar Land Rover.

The re­ac­tion came after the com­pany an­nounced it is to axe 4,500 jobs

The car maker re­vealed the move ear­lier as part of a £2.5 bil­lion cost-sav­ing pro­gramme which aims to turn the Coven­try car maker around.

The com­pany re­vealed that it would be seek­ing vol­un­tary re­dun­dan­cies as the first step in a re­or­gan­i­sa­tion process.

Louise Ben­nett, chief ex­ec­u­tive of the Coven­try and War­wick­shire Cham­ber of Com­merce, said: “The news of any job losses is al­ways dam­ag­ing - both for the in­di­vid­u­als it af­fects and also the wider econ­omy.

“But the fact that this is Jaguar Land Rover, which is such a ma­jor em­ployer in our re­gion and such a key player in the wider econ­omy, brings that into even sharper fo­cus.”

Ms Ben­nett added: “Un­til the full de­tails emerge, we won’t know the ex­act ex­tent of the im­pact on Coven­try and War­wick­shire but it’s vi­tal that part­ners across the re­gion come to­gether to do all we can to work with the com­pany, in­di­vid­u­als af­fected and the sup­ply chain.

“It must be remembered how­ever that Jaguar Land Rover con­tin­ues to in­vest ex­ten­sively in and out­side the re­gion, while our wider econ­omy re­mains strong.”

Ac­knowl­edg­ing busi­nesses some­times have to make “painful de­ci­sions” Jonathan Brown­ing, chair of the Coven­try and War­wick­shire Lo­cal En­ter­prise Part­ner­ship (CWLEP), said: “This is clearly a difficult day for Jaguar Land Rover and its em­ploy­ees.

“Ad­verse mar­ket de­vel­op­ments, height­ened busi­ness un­cer­tainty, re­lent­less global com­pe­ti­tion and other ex­ter­nal fac­tors be­yond their con­trol, mean com­pa­nies have to some­times make painful de­ci­sions to safe­guard their long-term fu­tures.”

Mr Brown­ing also high­lighted the wider is­sue of the au­to­mo­tive sup­ply chain.

He said: “While de­tails are yet to fully emerge, we hope that the na­ture of these cuts will have a lim­ited ef­fect on the sup­ply chain across our area, but ob­vi­ously will be dam­ag­ing in­di­vid­u­ally and will be felt lo­cally.”

Speak­ing about his con­fi­dence in the strength of the re­gional econ­omy Mr Brown­ing added: “How­ever, our econ­omy is strong and Coven­try and War­wick­shire has seen the fastest pro­duc­tiv­ity growth of all LEP ar­eas in re­cent years.

“We have seen growth across many sec­tors par­tic­u­larly in le­gal and pro­fes­sional ser­vices, en­ergy, en­gi­neer­ing con­sul­tancy and civil en­gi­neer­ing, lo­gis­tics, tourism and IT ser­vices giv­ing us a bal­anced econ­omy.

“We have a qual­ity labour force, some lead­ing-edge com­pa­nies as well as two highly-re­garded uni­ver­si­ties, so we re­main a very at­trac­tive place in which to do busi­ness both for lo­cal com­pa­nies and also in­ter­na­tional in­vestors.”

West Mid­lands Mayor Andy Street said: “To­day’s news will be par­tic­u­larly difficult for the Jaguar Land Rover work­ers and their fam­i­lies af­fected by this an­nounce­ment. The de­cline in sales and job losses are dis­ap­point­ing. We will look closely at the de­tails of and take clear ac­tion to sup­port Jaguar Land Rover’s fu­ture suc­cess.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.