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Jaguar Land Rover to cut 5,000 UK jobs: Report

AFP  |  London 

is set to announce up to 5,000 job cuts on Thursday, the reported, after being buffeted by slumping sales in and concerns over

The iconic British carmaker, which is owned by India's 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 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 had been hit by a slump in Chinese sales, a downturn in diesel vehicle sales and fears about Britain's competitiveness after

The carmaker has already moved to ensure it will still have a plant inside the after Britain's planned departure from the bloc on March 29.

In October, opened a 1.4-billion-euro (USD 1.6-billion) factory in Nitra, western Slovakia, its first in

In July it had warned that a "bad" deal could jeopardise planned investment of more than USD 100 billion, saying the future was unpredictable if free and frictionless trade with the EU and unrestricted access to its single market was not maintained.

Britain's said a no-deal Brexit would be a disaster for the firm.

"is a stellar company with a first-class workforce," he told radio.

"They have always been clear that their success depends on exports, including to the rest of the EU.

"They are one of the prime examples of a .. that helps them be competitive.

"Given the difficulties that they are going through... to add further costs and further disruption from a no-deal Brexit, it's clear why they have been so clear why this would be against their interests.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 15:00 IST