Economy Talk

JLR job cuts: quick facts from the GONOM post

I make a short list because many questions in other threads.

Who: Jaguar Land Rover, owned by India's Tata. How many: about 4,000 over two years, of 44,000 workers in the world (34,000 in UK). Mainly salaried UK staff (26,000 of them), like management, marketing, R&D. Factory hourly workers seem not affected. Why: save £1.7bn, tariffs, competition, last year cyber-attack. Government: no taxpayer money to stop it.

Did I miss something?