Why the government won’t bailout Jaguar Land Rover amid mass job cuts

Jump to contentAllNewsSportCultureLifestyleJaguar Land Rover is expected to announce up to 4,000 job cuts over two years as part of a voluntary departure scheme. Business Secretary Jonathan Reynolds confirmed the UK government will not provide state support to bail out the company. The car manufacturer aims to save approximately £1.7 billion over the next two years following production disruptions and a shift toward electric vehicles. JLR reported a 9.6 per cent drop in quarterly revenues to £6 billion, with pre-tax profits falling to £109 million from £351 million a year earlier. Unite general secretary Sharon Graham called for action to mitigate job losses ahead of planned talks with the government and JLR management. In fullGovernment rules out bailout for Jaguar Land Rover amid plans to cut 4,000 jobsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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