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Jaguar Land Rover to cut 5,000 UK jobs on China slump, Brexit fear: Report

British carmaker is owned by India's Tata Motors and employs more than 40,000 people in Britain.

Jaguar Land Rover
premium

Analysts say JLR is key to Tata Motors’ financial performance as the luxury car unit is nearly four times bigger than its India business

AFP I PTI
Land Rover is set to announce up to 5,000 job cuts on Thursday, the BBC reported, after being buffeted by slumping sales in China and concerns over Brexit.

The iconic British carmaker, which is owned by India's Tata Motors and employs more than 40,000 people in Britain, could not immediately be reached for comment when contacted by AFP.

Marketing, management and administration roles are expected to be those most affected, the BBC report said. According to the broadcaster, the job layoffs are part of a £ 2.5 billion (USD 3.2 billion, 2.75 billion euro) cuts programme.

The report said JLR had been hit