Jaguar Land Rover (JLR) plans to cut up to 500 management jobs in the UK due to pressure from US trade tariffs on sales and profits. The carmaker will launch a voluntary redundancy scheme, accounting for about 1.5% of its British workforce.
The move comes after JLR paused exports to the US due to increased tariffs, which have had a significant impact on the company’s profits. The UK-US trade deal has reduced tariffs to 10% for up to 100,000 UK cars exported last year.
Industry expert Professor David Bailey believes the tariffs “play a big role” in the job cuts. JLR has also been preparing to produce more electric cars, which has further impacted its operations due to the new tariffs.
Despite this, Labour MP Preet Kaur Gill recently stated that the trade deal helped preserve 12,000 jobs at JLR in her region. A spokesperson for Downing Street dismissed suggestions that the job cuts were a personal embarrassment for Prime Minister Sir Keir Starmer.
Source: https://www.bbc.com/news/articles/c86g2d7e4pwo