Jaguar Land Rover has announced it will cut 4,000 jobs over two years in the face of “significant challenges” within the automobile industry. Most of those jobs will be in the UK…
Chief executive PB Balaji said in a statement today:
“The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geo-political uncertainty.
“We are reducing organisational complexity and targeting £1.7bn of savings to lower our break-even point towards 300,000 vehicles and become fitter to compete in a rapidly evolving market.
“These actions will support continued investment of £15bn-18bn over the next five years in electrification, digital technologies, advanced manufacturing and enhanced customer experiences.
“As part of this transformation, we will reduce our global workforce by around 4,000 roles over the next two years. We recognise this will be difficult news for colleagues affected, and are committed to supporting everyone with care, fairness and respect.”
On the same day Healey promises growth, sunshine, and daisies…
Robert Jenrick on the Today programme:
“Can you now give a guarantee to your listeners this morning that no BBC presenter in the future will be exposed as a paedophile, as a number have been in the recent past? No, of course you can’t…”