Car manufacturer Jaguar Land Rover scraps in the United Kingdom to 500 management positions through a voluntary departure scheme. According to the company, the procedure does not affect more than 1.5 percent of the British workforce.
According to the British group, which is owned by the Indian Tata Motors, the sale is under pressure by the American import duties. In the past quarter, the company sold more than 15 percent fewer cars. This decrease was the result of a temporary stopping of exports to the United States and the reduction of stocks of older Jaguar models.
In April, the US government announced that it would levy an additional import rate of 25 percent on cars, in an attempt to stimulate domestic car production. Since then, however, the US and the UK have concluded an agreement in which a reduced rate of 10 percent is applied to the first 100,000 cars produced in the UK that are exported to the US annually.
Car Manufacturer Jaguar Land Rover is cutting up to 500 Management Positions in the United Kingdom Through a Voluntary Departure Scheme. Accordance to the company, the intervention will affect no more than 1.5 percent of the british workforce.
Accordance to the British Concern, which is owned by India’s Tata Motors, sales are under pressure due to us import duties. In The Past Quarter, The Company Sold More Than 15 percent FeWer Cars. This decrease was the result of a temporary halt to exports to the united States and the Reduction of Stocks of Older Jaguar Models.
In April, The US Government Announced an Additional Import Tariff of 25 percent On Cars in An Effort to Stimulate Domestic Car Production. Since then, however, the us and the uk have reached an agreement weby a reduced tariff of 10 percent is applied to the first 100,000 cars produced in the uk that are exported to the us annually.