Team-BHP > The International Automotive Scene
Register New Topics New Posts Top Thanked Team-BHP FAQ


Reply
  Search this Thread
1,960 views
Old 17th April 2018, 16:32   #1
Senior - BHPian
 
blackwasp's Avatar
 
Join Date: Apr 2015
Location: Navi Mumbai
Posts: 2,974
Thanked: 26,325 Times
Jaguar-Land Rover to cut jobs due to sales slump

Jaguar Land Rover (JLR) is planning to lay off some staff at two of its factories in England. According to a media report, around 1,000 jobs would be lost due to unclear diesel policy and Brexit. Further, falling sales volumes in the United Kingdom have also been sighted as one of the reasons for the job cuts.

It is reported that the company will also cut down on the production of vehicles at its Solihull and Castle Bromwich plants. In a statement released earlier this week, the company revealed that it would be adjusting production schedules and the number of agency staff due to the decreased production demands. It was also said that JLR would be hiring high-skilled engineers, graduates and apprentices to work on next-gen powertrain systems including the plug-in hybrids that are offered on the Range Rover and Range Rover Sport, both of which are manufactured at the Solihull plant.

During the first quarter of 2018, Jaguar sales dropped by 26% while the demand for Land Rovers went down by 20% in the company's home market. According to JLR, sales are down because buyers are weary of diesel cars due to a proposed tax hike as well uncertainty due to Brexit. New car registrations have also seen a downward trend in Britain after reaching the peak in 2015-16.

Jaguar-Land Rover to cut jobs due to sales slump-jlr-logo.jpeg

Source - Autoblog

Link to the Team-BHP News

Last edited by blackwasp : 17th April 2018 at 16:40.
blackwasp is offline   (5) Thanks
Old 17th April 2018, 18:18   #2
BHPian
 
OrangeCar's Avatar
 
Join Date: Oct 2016
Location: Bengaluru
Posts: 254
Thanked: 1,336 Times
Re: Jaguar-Land Rover to cut jobs due to sales slump

This is a major risk for Tata Motors group. JLR is what kept going Tata Motors's financials.

A comparison vis-a-vis its German peers shows JLR just doesn't match up to them in sales numbers, and thus a lot of ground was left to be covered.

With new management under Tata's supervision, they seemed to have got some traction, but then Brexit makes it harder for them.

Given that Tata Motors is struggling (albeit now trying its best) in the Indian market, it will be a while before things turn around for Tata.

Silver lining -
- JLR's current focus on developing electic powertrains should hopefully give it an advantage in the next decade, as the market preference shifts.
- And Tata Group head has realized and is driving Tata Motors to deliver and add value to the group! [Hopefully the stick from the big bosses will work this time!]

Lets see how this plays out.
OrangeCar is offline   (3) Thanks
Old 17th April 2018, 19:56   #3
BHPian
 
Geo_Ipe's Avatar
 
Join Date: May 2011
Location: Vellore
Posts: 946
Thanked: 2,904 Times
Re: Jaguar-Land Rover to cut jobs due to sales slump

Quote:
Originally Posted by OrangeCar View Post

Given that Tata Motors is struggling (albeit now trying its best) in the Indian market, it will be a while before things turn around for Tata.
Are you sure Tata Motors is "struggling" in India? The last 4 models they launched (Tiago, Tigor, Hexa & Nexon) have been huge successes (by Tata standards before that)!

Also, what keeps the cash registers ticking at Tata was their commercial vehicle segments rather than passenger cars I thought! Hadn't read anything about that position being under threat in the recent past.
Geo_Ipe is online now  
Reply

Most Viewed


Copyright ©2000 - 2024, Team-BHP.com
Proudly powered by E2E Networks