Jaguar Land Rover will eliminate up to 500 management positions in the UK, representing about 1.5% of its workforce, after a 15.1% decline in sales correlated with US tariffs. The company ceased exports to the US due to a 25% duty imposed by Donald Trump but resumed shipments soon after. A new trade agreement allows for reduced tariffs on car exports. The industry is also contending with an increase in national insurance contributions leading to job cuts amid rising unemployment rates.
Jaguar Land Rover plans to cut up to 500 management jobs in the UK, amounting to about 1.5% of its workforce, due to a 15.1% sales drop.
The carmaker experienced a temporary pause in exports to the US following Trump's 25% duty on foreign-made vehicles, affecting over a quarter of its sales.
A new trade deal allows the UK to export 100,000 cars a year to the US at a reduced 10% tariff, lessening previous tariff pressures.
JLR's redundancy program follows a broader trend of British businesses facing economic pressures, with the unemployment rate rising to 4.7% in recent months.
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