The reduced demand for new cars and the current world-wide financial situation have been cited as the main reason behind the lay-offs. The job losses will consist of 150 agency staff and 300 managerial positions.
Jaguar-Land Rover CEO David Smith has stated: ?We don?t expect sales conditions to return to normal levels for some time. It is critical that Jaguar-Land Rover becomes a more efficient and dynamic organisation to face up to the challenges that we will meet in the years ahead.?
This announcement comes shortly after the news that Tata Motors, which owns JLR, have approached the British government for financial support to offset the massive losses made since their take-over in 2008.
Source: Auto Express