Published: Fri, January 11, 2019
Worldwide | By Jermaine Blake

Europe Just Got Hit With a Massive Wave of Auto Job Cuts

Europe Just Got Hit With a Massive Wave of Auto Job Cuts

"Decisive action will help deliver resilient long-term growth as Jaguar Land Rover implements cost and profit improvements", said CEO Ralf Speth in a written statement.

"The economic slowdown in China along with ongoing trade tensions is continuing to influence consumer confidence", said JLR Chief Commercial Officer Felix Brautigam.

A downturn in Chinese sales, a fall in diesel sales and concerns about the competitiveness of the United Kingdom after Brexit are the reasons for the cuts, the BBC has said.

Production-line staff will not be affected "at this stage", said the source.

Labour deputy leader and West Bromwich East MP Tom Watson said: "The news coming out of Jaguar Land Rover is deeply distressing for thousands of workers and their families in our region".

"There are clearly several factors involved but the Government's lamentable failure to give businesses the strong and stable support it deserves must rank high".

The company reported on Thursday a 4.6 percent drop in full-year 2018 sales to just under 600,000 vehicles.

Thursday's announcement is expected to include details of sales for 2018, the business outlook for this year, an update on cost savings and planned investment in United Kingdom plants. The European Union has set lower limits for vehicle carbon dioxide emissions from 2021 that are pushing carmakers to include more electric vehicles in their future sales mix.

"This is not about making the business today more efficient but completely redesigning it", Ford's European president Steve Armstrong told the FT.

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"Given the difficulties that they're going add further costs and further disruption from a no-deal Brexit, it's clear why they've been so clear that this would be against their interests", said business minister Greg Clark.

Unite national officer Des Quinn said: "Ford's workforce in the United Kingdom is world class in making and developing engines and gearboxes that are shipped all over the globe".

Mr Quinn said Unite will scrutinise the business case for JLR's job cuts, and the union expects any United Kingdom redundancies to be voluntary.

"Unite will continue to press the vehicle maker for assurances over the jobs and skills of our members who have worked tirelessly over the past decade to make the company the global success story it is today".

"Jaguar Land Rover and its owners have made clear they remain firmly committed to the United Kingdom, continuing to invest billions and employing tens of thousands of people".

As of this year every manufacturer in China must be producing electric cars, and the government is planning to introduce limits on the number of fuel cars on the roads.

So dominant and important has the Chinese market become to companies like Apple and Jaguar Land Rover, that even the slightest of downturns can have a huge impact on not only their performance in China, but as a whole.

"Government ministers need to wake up and start doing more to support UK's auto workers and their colleagues in the supply chain if Jaguar Land Rover's recent success is to continue".

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