A major British carmaker is set to cut up to 4,000 jobs amid financial pressures from U.S. tariffs and competition from Chinese rivals, raising concerns over mass redundancies. With union leaders and government officials preparing for urgent talks, the business secretary has ruled out taxpayer-funded support to prevent job losses, emphasizing that state intervention in private companies is not his role. The move comes as the UK’s largest automaker grapples with declining demand and structural challenges in the industry.
Carmaker, which is battling Trump tariffs and Chinese competitors, faces talks with union leaders and governmentThe government has signalled that it will not invest taxpayers’ money to limit job losses at Jaguar Land Rover (JLR), after it emerged that the UK’s biggest carmaker is planning up to 4,000 redundancies.Before crunch talks on Tuesday between JLR, union leaders and government officials, the business secretary, Jonathan Reynolds, said it was not his job to “intervene and run businesses”. Continue reading...
