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Europe – Jaguar Land Rover, Ford, to slash thousands of jobs in Europe (France24)

11 January 2019

France24 reports that thousands of auto sector jobs are set to be lost across Europe, Jaguar Land Rover and Ford. Jaguar Land Rover, owned by India-based Tata Motors, will axe approximately 4,500 mostly UK jobs, after a slump in Chinese sales last year. Meanwhile, US carmaker Ford said it planned a major restructuring of its European operations, including job cuts, to boost profitability. Reports said the number of Ford positions set to go would be in the thousands. The group employs about 200,000 staff worldwide, around one-quarter of which are in Europe. The company said it aims to transform the business as customers opt for greener electric vehicles. Jaguar Land Rover is also looking to move further into the electric car segment. The company’s move to shed more than 10% of its UK workforce is aimed at delivering £2.5 billion of cost cuts over 18 months. Last year, Jaguar Land Rover confirmed it would scale down its agency workforce