Jaguar Land Rover announces it will cut up to 500 managerial roles from its U.K. operations.
A spokesperson for the Tata-owned firm tells the BBC it will offer buyouts and the cuts will not exceed 1.5% of its British workforce.
“As part of normal business practice, we regularly offer eligible employees the opportunity to leave JLR through limited voluntary redundancy programs,” the company adds in a statement.
It comes a week after JLR revealed that retail sales fell 15.1% in the three months to June after it had halted exports to the U.S., its second biggest market after China, when President Donald Trump’s administration imposed 25% import tariffs on foreign-made automobiles.
Secondary pressure on sales is blamed on the planned wind-down of older Jaguar models.
However, the U.K. has negotiated a lower 10% import duty with the U.S., limited to a cap of 100,000 cars annually, resulting in JLR restarting exports to the U.S.
