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Sad News for JLR UK Workers Today

Posted: Thu Jan 10, 2019 10:32 am
by Jagfpacejk
Some sad news for the UK workers but not unsurprising,

https://www.bbc.co.uk/news/business-46810473

Does make me laugh when they also mention Brexit as an excuse when half the issues are there own but lets blame something that's yet to happen.

Anyway no politics here please. ;)

Re: Sad News for JLR UK Workers Today

Posted: Thu Jan 10, 2019 12:13 pm
by June16
They just relocated those jobs overseas to Slovakia
Slovakia hiring 3000

Re: Sad News for JLR UK Workers Today

Posted: Thu Jan 10, 2019 12:35 pm
by Smitten
Ford are also cutting jobs across Europe so its not just a JLR thing:

www.ft.com/content/1f85c9ee-14a8-11e9-a581-4ff78404524e

Jaguar have a bad exposure to the Chinese market with a large proportion of sales heading there and the Chinese economy in slow down. I am sure this is affecting lots of firms and a trade war with the US doesn't help. This and a heavy reliance of diesel sales is a problem for Jaguar. People are also holding off major purchase decisions due to the uncertainty about the economy and their jobs.

Re: Sad News for JLR UK Workers Today

Posted: Sat Jan 12, 2019 9:36 am
by Jagfpacejk
Smitten wrote:
Thu Jan 10, 2019 12:35 pm
Ford are also cutting jobs across Europe so its not just a JLR thing:

www.ft.com/content/1f85c9ee-14a8-11e9-a581-4ff78404524e

Jaguar have a bad exposure to the Chinese market with a large proportion of sales heading there and the Chinese economy in slow down. I am sure this is affecting lots of firms and a trade war with the US doesn't help. This and a heavy reliance of diesel sales is a problem for Jaguar. People are also holding off major purchase decisions due to the uncertainty about the economy and their jobs.
Plus they also copied the Evoque which must have hit sales.

https://www.autocar.co.uk/car-news/guan ... ich-better

Re: Sad News for JLR UK Workers Today

Posted: Sat Jan 12, 2019 9:54 pm
by Smitten
Jagfpacejk wrote:
Sat Jan 12, 2019 9:36 am
Smitten wrote:
Thu Jan 10, 2019 12:35 pm
Ford are also cutting jobs across Europe so its not just a JLR thing:

www.ft.com/content/1f85c9ee-14a8-11e9-a581-4ff78404524e

Jaguar have a bad exposure to the Chinese market with a large proportion of sales heading there and the Chinese economy in slow down. I am sure this is affecting lots of firms and a trade war with the US doesn't help. This and a heavy reliance of diesel sales is a problem for Jaguar. People are also holding off major purchase decisions due to the uncertainty about the economy and their jobs.
Plus they also copied the Evoque which must have hit sales.

https://www.autocar.co.uk/car-news/guan ... ich-better
That's the problem with the joint ventures foreign companies are forced to trade via. In China They leak information...