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Jaguar Land Rover to cut 4,500 jobs, mainly in Britain

Reuters  |  LONDON 

(Reuters) - Britain's biggest carmaker said it will cut around 4,500 jobs, mainly in its home market, as it tries to tackle a slowdown in and a slump in demand for its diesel-powered vehicles.

The firm, which employs about 40,000 people in Britain, also said it will begin producing electric drive units at its Wolverhampton engine plant and will create a new battery assembly centre at near as it develops a greener range of

"We are taking decisive action to help deliver long-term growth in the face of multiple geopolitical and regulatory disruptions as well as facing the automotive industry," said

(Reporting by Costas Pitas; editing by Stephen Addison)

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

First Published: Thu, January 10 2019. 18:33 IST