Jaguar Land Rover reports £451m quarterly loss after cutting 4,000 jobs
JLR chief executive calls for EU and Britain to join forces amid competition from Chinese electric carmakers Jaguar Land Rover has reported a £451m…
JLR chief executive calls for EU and Britain to join forces amid competition from Chinese electric carmakers Jaguar Land Rover has reported a £451m quarterly loss as it counts the cost of cutting 4,000 jobs, while its chief executive has called for the EU and Britain to work together in the face of competition from China.
The Guardian was first to report the story.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Jaguar Land Rover, Britain, EU, JLR
- Section
- Business
- Figure cited
- Britain’s largest automotive employer reported revenues rising to £5.9bn between July and September, but it recorded £530m in costs from the job cuts announced near the end of that period amid tough trading conditions. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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