Skip to content
Search AI Powered

Latest Stories

Jaguar Land Rover May Axe Thousands Of UK Jobs

Tata Motors owned UK’s largest car producer, Jaguar Land Rover (JLR) is on its way to make an announcement to axe thousands of jobs as the auto giant faces significant fall in demand in China and a decline in diesel car sale in Europe, media reports said on Thursday (10).

The auto firm has prepared plans to reduce costs and raise cash flows by £2.5 billion. The plans include reducing employment costs and levels, Reuters reported citing a source who disclosed the plans on condition of anonymity.


There may be substantial job losses impacting managerial, sales, design, and other departments. However, the production-line staff will not be affected at this stage.

The firm produces a major proportion of its cars in Britain than any other major or medium sized car company. The automaker has also spent millions of pounds to prepare for Brexit, in the case of there are tariffs.

The automaker swung to a loss of £354 million during April to September period and had cut around 1000 roles in the UK in 2018. The firm had shut its Solihull plant for 14 days and announced a three-day week at its Castle Bromwich site.

JLR which has a staff strength of 40, 000 in the UK and had been adding new employees to its workforce at new plants in China and Slovakia in recent years.

Sales in China during July and September fell by 44 per cent, the biggest fall for the automaker.

Diesel accounts for 90 per cent of the firm's British sales and 45 per cent of global demand, the company said last year, as demand in the segment tumbles following new levies in the wake of the 2015 Volkswagen emissions cheating scandal.

Diesel accounts for 90 per cent of the automaker’s sales in Britain and 45 per cent of world demand, according to the company.

Akin other auto manufacturers, the JLR could see its three British car plans grind to a halt within 80 days if lawmakers reject a deal by British prime minister Theresa May next week, leading to tariffs and customs checks after a no-deal outcome.

More For You

CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less
Reeves and Chandra lead UK delegation at Davos

Varun Chandra

Reeves and Chandra lead UK delegation at Davos

CHANCELLOR Rachel Reeves will lead a group of ministers at the World Economic Forum (WEF) in Davos this month, as the government works to attract global investors and reassure British businesses.

Reeves, who has attended the event for the past two years in her role as shadow chancellor, will meet with key international investors, including sovereign wealth funds and private equity firms from the US, reported the Times. The government is looking to secure financial backing for its plans related to infrastructure and green energy.

Keep ReadingShow less
Nadella-Modi

Modi and Nadella discussed the company’s plans for growth, innovation, and upskilling in India. (Photo: X/@satyanadella)

Microsoft announces £2.4bn India investment after Nadella-Modi meeting

MICROSOFT on Tuesday (7) announced a £2.4 billion investment to expand its Azure cloud and artificial intelligence (AI) capacity in India over the next two years.

The announcement followed a meeting between Microsoft chairman and CEO Satya Nadella and Indian prime minister Narendra Modi on Monday (6), during which they discussed the company’s plans for growth, innovation, and upskilling in the country.

Keep ReadingShow less