Talk:Jaguar Land Rover/Archives/2018
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Where could I add this update?
The financial section is just a chart and not up to date, but there have been major issuess.
Jaguar Land Rover workers face job cut fears after £90m loss Carmaker has £2.5bn plan to reduce costs as sales fall in China and Europe
The 40,000 British employees of Jaguar Land Rover face the prospect of further job cuts after Britain’s biggest carmaker launched a £2.5bn plan to reduce costs and free up cash. JLR announced its intentions on Wednesday after slumping £90m into the red in the three months to September, hit by falling sales in China and Europe. The company will reduce annual investment from £4.5bn to £4bn this year and next, while reducing the stock of finished cars it holds and its working capital by £500m. It will also cut £1bn in costs. The firm has implemented a freeze on recruitment and all non-essential travel, as it battles against falling demand. https://www.theguardian.com/business/2018/oct/31/jaguar-land-rover-to-cut-costs-after-quarterly-loss-of-90m
Peter K Burian (talk) 16:58, 1 November 2018 (UTC)
- I'd put a sentence, just of the straight facts of the sales drop and £90M loss (leaving out the editorialised speculation of fears of job losses) at the end of the 'Investment and expansion' section after the similar item already there. -- DeFacto (talk). 18:46, 1 November 2018 (UTC)