Jaguar is going to cut 400 jobs.
Having 11,000 employees only in the UK Jaguar plans to cut 400 jobs.
The company will shed 150 staff from the Jaguar plant at Halewood, Merseyside, and a further 250 from its factories in Birmingham and Coventry.
All the losses are expected to be achieved through voluntary redundancy and early retirement. The terms of cutting down will be extremely competitive.
Staff reduction is being made to improve the firm's "skill mix" and has nothing to do with sales figures.
Global sales are actually up by 57% from last year and in the US, which is our big market, they are up by 63%.