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Home > General > Jaguar Land Rover set to cut thousands of jobs in new year
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dorsetfreelander



Member Since: 20 Jul 2013
Location: Dorset
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Jaguar Land Rover set to cut thousands of jobs in new year

From Financial Times website

Jaguar Land Rover will announce plans to cut thousands of jobs early in the new year, as part of a £2.5bn turnround plan to revive the fortunes of Britain’s largest carmaker.

JLR, which employs 40,000 people in the UK, has been stung by sliding demand for diesel, poor sales in China and costs of preparing for Britain’s departure from the EU.

In October, after posting a loss of £90m for the three months to September, it outlined plans to find savings of £2.5bn, including £1bn of cost reductions within 18 months, without specifying how many jobs would be lost.

During January the company will outline the short-term part of its plan, which will include job losses that run into the thousands, according to several people close to the company.

The group has already shed 1,000 roles at its flagship plant in Solihull, and reduced working hours at other sites amid falling demand for its diesel vehicles and saloon cars.

Analysts are pencilling in up to 5,000 roles that may be lost, as the business is forced to take an axe to its workforce in order to survive.

“It’s do or die at the moment,” said Robin Zhu, an analyst at Bernstein in Hong Kong who covers JLR and its parent company, Tata Motors. “JLR has been seriously mismanaged in recent years, with cost runaways, products disappointing in the market, and hedging issues costing it billions.

“Meanwhile there’s arguably been a lack of accountability in the management ranks.”

Tata Motors has drafted in Boston Consulting Group to draw up turnround plans, according to three people.

There are two strands to the plan — the shorter-term Project Charge, and the medium-term Project Accelerate.

Charge is a three-year plan that will focus on generating costs savings within 18 months.

JLR said that it had in September announced plans “to improve its business performance through the ongoing Charge and Accelerate transformation programmes, targeting £2.5bn of cost, cash and profit improvements over the next two years. As a matter of policy, we do not comment on speculation and rumours about potential measures that might form part of these plans.”

The group, which has recorded its first six-months of losses in a decade, aims to reduce costs by £1bn, investment by £1bn and other savings by £500m. It has already implemented an immediate hiring and non-essential travel freeze, and begun reviewing its use of agency staff.

The longer term plan is expected to reduce JLR’s often-competing range of models.

The company’s Jaguar brand sells several sports utility vehicles that compete directly with its Land Rover models, while two of its mid-range Range Rover vehicles — the Velar and the Range Rover Sport — have significant overlap.

The move comes after a tumultuous year for the British group, which enjoyed years of strong growth after Tata Motors bought the company from Ford in 2008.

Sales in the three months to September fell by 13 per cent, with every major region — UK, US, China and Europe — witnessing a slowdown.

Of JLR’s 13 models, only three — the Range Rover Velar, the new Jaguar E-Pace and the electric Jaguar I-Pace — saw sales rise. The Land Rover Discovery Sport, its biggest selling model, saw demand fall by more than 11 per cent. 3 x FL1 2 manual + 1 auto
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Post #362068 16th Dec 2018 6:57 pm
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Tigger



Member Since: 30 Mar 2011
Location: L15KRD
Posts: 2555

United Kingdom 

This is very sad news indeed. It’s a perfect storm of bad news for them and it can only get a lot worse over the coming year.

We really could use some good news at the minute!

Post #362070 16th Dec 2018 7:42 pm
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Largered



Member Since: 10 Jul 2016
Location: UK
Posts: 1978

Most of the 'Lay-Offs' are contract workforce, not full time employees.

Very little redundancy packages will be offered.



https://www.msn.com/en-gb/money/news/jagua...spartanntp
.

Post #362072 16th Dec 2018 8:01 pm
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Tigger



Member Since: 30 Mar 2011
Location: L15KRD
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I don’t see that in either that link or any other article. I understand that agency workers are much easier to lose, but this would seem to go much deeper. The fact that there’s so much capacity in the new Slovakian plant and the ugly Disco is moving there can’t have gone unnoticed by worried staff either.

We’re going to see a lot more of this from our motor industry and their suppliers. over the coming months Sad

Post #362075 16th Dec 2018 8:36 pm
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Navigator



Member Since: 30 Dec 2010
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Scotland 

Just not enough hairdressers to buy all the look-alike different model styles. Maybe we will get back to some sense with just a "Defender" and a "not-a-Defender" model range. Everyone can spread it - Anyone can catch it. Stay home - the life you save can be your own!

Post #362079 16th Dec 2018 9:15 pm
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Jack frost



Member Since: 21 Dec 2011
Location: UK
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I am afraid to say this is just the tip of the iceberg regarding UK manufacturing all thanks to the narrow minded Brexiteers Big Cry Big Cry Big Cry

Post #362081 16th Dec 2018 9:22 pm
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tenet



Member Since: 23 Jul 2009
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Just for Jack Frost Smile

 MY 09 GS manual in Lago Grey, Wood Co arm rest and side bumper strips - now sold.

MY 15 SD4 SE Auto Orkney Grey with colour coded Bumper Door Mouldings

Post #362090 16th Dec 2018 10:06 pm
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j77



Member Since: 26 Nov 2008
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Scotland 

Jack frost wrote:
I am afraid to say this is just the tip of the iceberg regarding UK manufacturing all thanks to the narrow minded Brexiteers Big Cry Big Cry Big Cry


Only so much you can blame brexit for. 21MY Defender 90 S 3.0 D200

Post #362092 16th Dec 2018 10:14 pm
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Lightwater



Member Since: 21 Aug 2014
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Brexit has forced families to downsize to skateboard prams! Procrastination, mankind's greatest labour saving device!

Acoustic insulation ARB TPMS 3xARB air compressors After cooler Air tank On-board OCD pressure air/water cleaning Additional 50L fuel Carpet in doors ABE 2x1kg Waeco 28L modified fridge Battery 4x26ah Solar 120w Victron MPPT 100/20 DC-DC 18amps 175amp jumper plug Awning 6x255/60R18

Post #362100 17th Dec 2018 3:04 am
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Tigger



Member Since: 30 Mar 2011
Location: L15KRD
Posts: 2555

United Kingdom 

Jack frost wrote:
I am afraid to say this is just the tip of the iceberg regarding UK manufacturing all thanks to the narrow minded Brexiteers Big Cry Big Cry Big Cry


Agreed and even the otherwise impressive achievement of grandad working out how to use the video recorder, instead of just writing in to the Daily Mail letters page, doesn’t change that unfortunate situation...

Post #362103 17th Dec 2018 7:07 am
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Volrider



Member Since: 14 Aug 2018
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Quote:
JLR has been seriously mismanaged in recent years, with cost runaways, products disappointing in the market, and hedging issues costing it billions.


They will deflect like all the rest and blame it on Brexit. Sadly JLR have put all their eggs in one basket, Diesel engines. Sadly for a reason that I can see no explanation for other than Govt scare tactics this type of engine is taxed heavily if your a company car driver, higher fuel and taxation and bad press makes it harder to justify owning. I think the bad management of the company has to be highlighted as the model range is poor compared with a few years ago, the styling is losing the individuality and appeal of the brand wanes.

Sadly the workers at JLR will be those that pay the price of poor management Crying or Very sad 2014 Freelander 2 XS TD4
Firenze Red

Post #362108 17th Dec 2018 8:26 am
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Pedro



Member Since: 01 Apr 2010
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Only so much you can blame brexit for.[/quote]

Indeed. Its on record that this is due to falling car sales in China and JLR failing to position itself quickly enough away from diesels. If the 'narrow minded' remainers had travelled as extensively in Eastern Europe as I have and seen all of the roads, railways, hotels, leisure spas, factories and railway stations that their taxes have paid for via the EU, they might think again. The lunacy of this situation is that many of the roads and railways we have paid to build in the EU are often under-utilised whilst our own equivalents crumble through over-use! FL2 HSE Auto Galway Green
Evoque SD4 Auto Blue.
FL1 HSE TD4 Manual Black - Gone.
RR Classic V8 EFI - Gone

Post #362119 17th Dec 2018 3:34 pm
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RogB



Member Since: 16 Dec 2014
Location: Mansfield
Posts: 3871

England 2013 Freelander 2 SD4 HSE Lux Auto Santorini Black

Far to many companies (and governments) put all their eggs in the Chinese basket and that basket has now fallen to pieces.
They have had millions of Western cars bought into the country, copied what they want of them, and are now ditching the expensive Western versions. The same is happening in their tech industry (re: Huawei who are being blocked by all sorts and have only copied their tech from other western companies) and then there is their recycling industry which now refuses waste from the west.

This news has some grounding in Brexit, but isn't entirely down to us thick, uneducated narrow minded idiots. Its mainly down to short sightedness on the behalf of JLR and them (along with countless others) falling for the Chinese hype

Post #362121 17th Dec 2018 4:04 pm
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Largered



Member Since: 10 Jul 2016
Location: UK
Posts: 1978

Click image to enlarge

(........ and still no black painted C pillar Whistle )


Click image to enlarge


Above is the Chinese 'copies' of a vehicles you will recognise.

When JLR took them to court, the judge claimed the two vehicles 'were totally different'.


Rolling with laughter Rolling with laughter Rolling with laughter Rolling with laughter

Post #362123 17th Dec 2018 4:20 pm
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RogB



Member Since: 16 Dec 2014
Location: Mansfield
Posts: 3871

England 2013 Freelander 2 SD4 HSE Lux Auto Santorini Black

it was a Chinese court and Chinese judge though wasn't it Whistle

Post #362125 17th Dec 2018 4:27 pm
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