Jaguar to Slash 4,500 Jobs in Brexit Slump, Joining Ford in Cuts

Ellen Milligan

and

Irene Garcia Perez

January 10, 2019, 8:00 AM EST Updated on January 10, 2019, 12:44 PM EST

U.K. carmaker to eliminate about 10 percent of global workers
Brexit, diesel drop, China autos slowdown have hurt sales

Job Cuts and Profit Cuts Cloud Global Economic Forecast

Jaguar Land Rover plans to slash 4,500 jobs worldwide, as the U.K.’s biggest automobile maker responds to the sales slowdown caused by Brexit, flagging demand for diesel-powered vehicles and a downturn in China.

The cuts, representing roughly 10 percent the company’s workforce, are part of a 2.5 billion-pound ($3.2 billion) push announced last year to reduce costs and boost cash flow through 2020. They come on top of the 1,500 people who left the company in 2018.