The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Castle Bromwich, Solihull, Coventry and Halewood, Merseyside
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
600 jobs Number of planned job losses
Announcement Date
3 November 2008
Employment effect (start)
Foreseen end date
Description
Jaguar Land Rover, a manufacturer of motor vehicles, is to cut about 600 jobs in the UK. These cost-cutting measures will be carried out by means of voluntary redundancies. The company’s voluntary redundancy scheme commenced in October 2008 with the announcement of 198 job losses.
Jaguar justified the additional 300 to 400 job cuts on the grounds of falling demand due to the economic turmoil. The job losses will involve hourly-paid employees in manufacturing and product development and to salaried employees to manufacturing only. The company has offered a lump-sum payment of nine months pay and full pension for employees aged 60 and over. The announced extension of the voluntary redundancy scheme followed consultation with employees and union representatives. As of November 2008 there is no information on when the voluntary redundancy scheme will take effect.
Sources
4 November 2008: BBC News
15 October 2008: BBC News
Citation
Eurofound (2008), Jaguar Land Rover, Internal restructuring in United Kingdom, factsheet number 67247, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67247.
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