Jaguar Land Rover to slash output, jobs because of Brexit, diesel slump

Luxury car makers Audi Jaguar Land Rover and Mercedes Benz say sales in India in the ongoing fiscal will slow down due to increased prices of vehicles after the hike in import duty in the Budget

Jaguar Land Rover is reviewing its production schedule and is reportedly looking to slash 1,000 jobs as it looks to steer itself within hard conditions that are prevalent for carmakers.

Britain's biggest carmaker said it had been informing employees about the decision on Monday - after reports had emerged last week.

A spokesperson confirmed with Reuters that, "we are not renewing the contracts of 1,000 agency workers at Solihull".

Jaguar sales dropped 26 percent so far this year while Land Rover demand fell 20 percent in its home market as buyers shun diesel, concerned about planned tax rises and potential bans and restrictions in several countries.

Meanwhile, 362 permanent staff will be transferred from another West Midlands site, at Castle Bromwich, to Solihull. India is also looking at stopping the sale of diesel and petrol cars by 2030.

The UK's biggest carmaker, owned by India's Tata Motors, blamed "continuing headwinds" affecting the vehicle industry.


Jaguar's XE and XF are understood to have been hit most heavily, although nearly every model has been affected because diesels account for around 90% of JLR's sales.

"In light of the continuing headwinds impacting the auto industry, we are making some adjustments to our production schedules and the level of agency staff".

Shares of Tata Motors on the Indian exchanges today settled almost 5 per cent down on JLR's job cut plans in the UK.

On NSE, the stock opened at Rs 350.80, then fell to an intra-day low of Rs 340.70, down 4.57 per cent over its last close.

In January, the firm said it would temporarily reduce production at another British plant, at Halewood.

Unhappily for JLR, 90% of its vehicles are powered by diesel engines and there are critical industry voices that say they have been slower than their rivals to embrace hybrids and electric. This move came a day removed from Volvo announcing it would only make electric or hybrid models starting in 2019.

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