It just ain’t getting any better for the UK Production and their Workers. Jaguar Land Rover sale is 'inevitable' and the firm is in a 'death spiral' - Dave
The company, which employs 40,000 people in the UK, racked up losses of £3.4billion between October and December, according to leaked documents. The luxury car maker, which is owned by Indian firm Tata, is said to be in talks with Peugeot and Citroen owner Groupe PSA about a possible takeover. In January, JLR – which also makes the Range Rover – confirmed it would axe 4,500 jobs, with most coming from its UK workforce, on top of another 1,500 job cuts announced last year.
The following month, JLR posted the biggest quarterly loss in Indian corporate history – amounting to £3.4billion in the final three months of 2018 – as sales plunged in China.
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