Jaguar Land Rover to Cut 4,500 Jobs, Starting in Britain
Friday, 11 January 2019 18:46 WIB | GLOBAL |Global

Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.'s departure from the European Union.

The luxury carmaker, owned by India's Tata conglomerate, said the cuts will be in addition to 1,500 people who left the business in 2018. The cost-cutting program will begin with a voluntary reduction program in the U.K., where some 44,000 people are employed.

The latest job losses follow on from last year's 2.5 billion-pound ($3.2 billion) turnaround plan that was designed to deal with many of the headwinds facing the company ” Brexit, rising trade tensions between China and the U.S. and new European emissions standards combined to push Jaguar into the red in the three months to Sept. 30, compared with the same period the year before. The company also announced further investment in electrification.

Source : VOA

RELATED NEWS

White House Assigned '3 Amigos' to Head Ukraine Policy, Top Diplomat Says
Thursday, 17 October 2019 03:50 WIB

A top U.S. State Department official told House investigators privately Tuesday administration officials told him to "lay low" on matters involving Ukraine in deference to the "three amigos" who assumed control of foreign policy toward the Eastern European ally, Democratic Congressman Gerald Connoll...

Hong Kong Democracy Protesters Call For US Congress Proposed Sanctions
Wednesday, 16 October 2019 18:01 WIB

Hong Kong pro-democracy advocates are urging the U.S. Congress to pass a human rights bill that could impose trade sanctions on this international financial center, a measure that critics say could cause more harm than good. At a massive pro-American, pro-democracy rally on Monday evening in centra...

Erdogan Remains Defiant in Face of US Sanctions
Wednesday, 16 October 2019 10:56 WIB

U.S. sanctions on Turkey over its Syrian military offensive are being dismissed by the political leadership in Ankara, as financial markets shrug off the measures. Sanctions were announced against Turkish officials on Monday as negotiations on a $100 billion trade deal ended. While a tariff on Turk...

Russia's Putin Seeks to Enhance Ties With US-Allied UAE
Tuesday, 15 October 2019 23:42 WIB

Russian President Vladimir Putin visited the United Arab Emirates on Tuesday, as part of a Mideast tour aimed at strengthening ties between Moscow and this longtime U.S. ally amid tensions in the wider Persian Gulf. Abu Dhabi's powerful crown prince, Mohammed bin Zayed Al Nahyan, met Putin at the a...

US Ambassador: N. Korea Asked for 'Everything' While Offering Nothing
Tuesday, 15 October 2019 18:32 WIB

North Korea is demanding that the U.S. œdo everything before Pyongyang makes any concessions, Harry Harris, the U.S. Ambassador to South Korea, said in an interview published Monday. Harris™ comments to South Korea™s Dong-A-Ilbo newspaper are the first substantive reaction by a U.S. offici...

ANOTHER NEWS
Hong Kong stocks closed higher (Review)
Thursday, 17 October 2019 03:54 WIB Hong Kong shares closed higher on Wednesday, in line with a rally across Asia and after shrugging off a mid-morning drop when the city's leader was forced to briefly abandon a policy speech owing to heckling by opposition lawmakers.The Hang Seng...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.