Jaguar Land Rover sales dive 15pc as exports to US slump over Trump-era tariffs, 500 UK job-cuts loom
The cuts to be carried out via voluntary redundancy total 1.5 per cent of the JLR workforce in the UK, a statement said.
'As part of normal business practice, we regularly offer eligible employees the opportunity to leave JLR through limited voluntary redundancy programmes,' said a company spokesperson, without linking the move to developments over tariffs.
The news comes after the company, which is owned by Indian group Tata Motors, reported a sharp reduction in sales after JLR temporarily halted shipments to the US in response to President Donald Trump's tariffs.
JLR retail sales slid more than 15 per cent in the three months to the end of June, compared with the same period last year.
Jaguar's sales were impacted also by a planned phase-out of its legacy vehicles in the UK, as the company prepared to launch electric models.
Automotive trade body SMMT last month reported that British car exports to the United States slumped more than 55 per cent in May year-on-year – but noted that a recent trade deal between the UK and US should help sales to recover.
The agreement between London and Washington slashes the tariff on UK car exports to 10 per cent from 27.5 per cent, on a limit of 100,000 vehicles annually. — AFP
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