Jaguar Land Rover will remove 300 management positions as well as 150 salaried agency staff in a new round of cuts, the Warwickshire-based firm announced today.
Around 450 jobs will be cut in total in an effort to reduce costs in response to the worsening financial climate and falling car sales. The JLR management will also not receive any bonuses during 2009, and any scheduled pay increases have been delayed until 1 October 2009.
Despite recent figures published by the Society of Motor Manufacturer and Traders, which show an increase in Jaguar’s annual sales, the company will still bear a number of the job losses.
Jaguar sales rose by nine per cent over the previous year, but Land Rover sales have suffered a 30 per cent fall amid dwindling demand for large SUVs and last year’s huge increases in fuel prices.
“Our employees understand that Jaguar Land Rover functions as one company and that this move will help both companies’ positioning as we move forward,” said the company’s corporate affairs director Don Hume.