Jaguar Land Rover is to announce up to 5,000 job cuts in a business update later today (10 Jan), according to reports.
The luxury car brand will primarily cut jobs in management, marketing and administrative roles, blaming “continuing uncertainty related to Brexit” for the losses.
The luxury car maker employs 44,000 workers in the UK at sites in Halewood on Merseyside and Solihull, Castle Bromwich, and Wolverhampton in the West Midlands.
The firm previously cut 1,000 temporary contract workers at its plant in Solihull in 2017.
Their upcoming announcement is expected to include details of sales for 2018, the business outlook for this year, and updates on cost savings and planned investment in UK plants.
Meanwhile, Rolls-Royce Motor Cars chief executive, Torsten Muller-Otvos, has pledged that the car maker will remain in Britain post-Brexit.
The commitment came as the company unveiled record sales figures, up 22 per cent in 2018 on the previous year.
In October last year, Jaguar unveiled a £2.5 billion turnaround plan which included cost cutting, after uncertainty surrounding Brexit.
Slowing demand in China also caused the brand to suffer a hefty loss towards the end of 2018, following import duty changes and escalating trade tensions with the US.
The firm (owned by Indian conglomerate, Tata) reported a £90 million pre-tax loss in the three months to 30 September, which compared with a £385 million profit in the same period in 2017.
The brand’s figures were also affected by the introduction of European emissions standards – known as WLTP – which resulted in a fall in demand for diesel cars.
At the time boss Ralf Speth said, “In the latest quarterly period, we continued to see more challenging market conditions.
“Our results were undermined by slowing demand in China, along with continued uncertainty in Europe over diesel, Brexit and the WLTP changeover.”