Jaguar Land Rover to 'axe up to 5,000 jobs'

[Bean]

Lets not overdo this misleading, first it is factually correct that manufacturing increased steadily over the last few years and secondly the fundamental point was refuted that UK manufacturing was moving to Eastern Europe. It wasn't.

My point was and is fundamentally correct

Manufacturing employment over the past 5 years growing



So when someone states that manufacturing jobs were disappearing anyway because of "cheap Eastern Europeans", this was fundamentally incorrect.

Whoa whoa whoa, i’m Just helping Cirrus decipher the post from Platypus, I haven’t even read your post(s) to be able to agree or disagree with it being misleading...I’ve got better stuff to do.

[DoctorStrangelove]

A massive slump in diesel sales isn't helping them, along with clear perception that it's now an Indian company.

Wot? It's not built by Cowboys any more?

Shocking.

Bet they still rust like buggery though.

Much like Fords do.

Vauxhall/Opel is now owned by Peugeot-Citroen

Well ain't that the kiss of death.

Just ask the Ryton workers about that.

Access Denied

[Cirrus]

i’m Just helping Cirrus decipher the post from Platypus

It'll need more than just the two of us

[vetran]

Lets not overdo this misleading, first it is factually correct that manufacturing increased steadily over the last few years and secondly the fundamental point was refuted that UK manufacturing was moving to Eastern Europe. It wasn't.

My point was and is fundamentally correct

Manufacturing employment over the past 5 years growing



So when someone states that manufacturing jobs were disappearing anyway because of "cheap Eastern Europeans", this was fundamentally incorrect.

Strange

UK manufacturing has lost 600,000 jobs in a decade, says union | Business | The Guardian

Britain’s manufacturing sector has shrunk in the past decade by almost 600,000 jobs to leave fewer than 3 million workers employed in the sector.A study by the GMB union found that every region in the UK has suffered a decline in manufacturing employment over 10 years, with London, Scotland and the north-west the worst affected.
In 2007, the UK supported 3.5m permanent and temporary manufacturing jobs – more than 12% of the all British employment – but by 2016 that had slumped to 2.9m , or 9.2% of the total, the union said.

They must be just making up tulip

How joining the EU led to a big decline in UK industry

The EU has prevented UK subsidy of industry under its state aids rules, but has often provided subsidised loans and grants to businesses to set up elsewhere in the EU. The UK has seen a spate of factory closures balanced by new and expanded facilities in poorer EU countries. The UK lost van production to Turkey, car capacity to Slovakia, chocolate to Poland, domestic appliances to the Netherlands and the Czech Republic and metal containers to Poland amongst others in recent years. In various cases there was an EU grant or loan involved in the new capacity.

How Britain has sold more than half its companies to foreigners | This is Money

the increase seems to be because those cheap offshore countries have put their prices up

https://www.michaelpage.co.uk/our-ex...ng-growth-down

[Mordac]

Whoa whoa whoa, i’m Just helping Cirrus decipher the post from Platypus, I haven’t even read your post(s) to be able to agree or disagree with it being misleading...I’ve got better stuff to do.

It's MasterBates, so it'll be a cut'n'paste from the Idiots Guide To Being An Idiot. Probably better known to most of us as The Graun.

[original PM]

Why Jaguar Land Rover is losing money and how it plans to return to profit

And the truth - not really a Brexit related thing at all.

[BlasterBates]

Why Jaguar Land Rover is losing money and how it plans to return to profit

And the truth - not really a Brexit related thing at all.

...

Britain’s exit from the EU trading bloc at the end of March could cause all sorts of problems for JLR in terms of border friction or even tariffs, depending on what sort of deal is negotiated. A poor deal could wipe a billion pounds (1.12 billion euros) from JLR’s profits, the company says. One good manufacturing decision it made was locating a plant in Slovakia, giving JLR a presence in Europe after the UK leaves the EU. It’s already helping

[original PM]

"Imagine having your global car production centered in the UK and Brexit uncertainty being only fourth or fifth on your list of headaches. That is the nightmare facing Jaguar Land Rover as it slumped to a loss in the first half of 2018 amid falling sales, high costs and production freezes.



Multiple headwinds
These are some of the other challenges JLR is trying to overcome.

Brexit: Britain’s exit from the EU trading bloc at the end of March could cause all sorts of problems for JLR in terms of border friction or even tariffs, depending on what sort of deal is negotiated. A poor deal could wipe a billion pounds (1.12 billion euros) from JLR’s profits, the company says. One good manufacturing decision it made was locating a plant in Slovakia, giving JLR a presence in Europe after the UK leaves the EU. It’s already helping: In October Slovakia pushed to keep the CO2 derogations that means JLR has a much softer target for 2020-21.
U.S. tariffs: President Donald Trump has repeatedly threatened tariffs on cars from Europe. Barclays Research described JLR as being “significantly exposed” in a recent report while JLR sources estimate tariffs would cost the company around a billion pounds annually. North America was JLR’s biggest sales market through 10 months of last year, beating Europe and the UK.
Quality: JLR has worked to improve the traditionally poor reliability of its cars, but the Jaguar and Land Rover brands still finished second-to-last and last, respectively, on JD Power’s 2018 U.S. quality study.
Diesel: JLR believes sales have been hurt by the shift away from diesel in Europe, where 84 percent of JLR’s vehicles are sold with the powertrain."

[BlasterBates]

"Imagine having your global car production centered in the UK and Brexit uncertainty being only fourth or fifth on your list of headaches. That is the nightmare facing Jaguar Land Rover as it slumped to a loss in the first half of 2018 amid falling sales, high costs and production freezes.



Multiple headwinds
These are some of the other challenges JLR is trying to overcome.

Brexit: Britain’s exit from the EU trading bloc at the end of March could cause all sorts of problems for JLR in terms of border friction or even tariffs, depending on what sort of deal is negotiated. A poor deal could wipe a billion pounds (1.12 billion euros) from JLR’s profits, the company says. One good manufacturing decision it made was locating a plant in Slovakia, giving JLR a presence in Europe after the UK leaves the EU. It’s already helping: In October Slovakia pushed to keep the CO2 derogations that means JLR has a much softer target for 2020-21.
U.S. tariffs: President Donald Trump has repeatedly threatened tariffs on cars from Europe. Barclays Research described JLR as being “significantly exposed” in a recent report while JLR sources estimate tariffs would cost the company around a billion pounds annually. North America was JLR’s biggest sales market through 10 months of last year, beating Europe and the UK.
Quality: JLR has worked to improve the traditionally poor reliability of its cars, but the Jaguar and Land Rover brands still finished second-to-last and last, respectively, on JD Power’s 2018 U.S. quality study.
Diesel: JLR believes sales have been hurt by the shift away from diesel in Europe, where 84 percent of JLR’s vehicles are sold with the powertrain."

...

Jaguar Landrover warns of catastrophic consequences in the event of no deal

The chief executive of Jaguar Land Rover, Ralf Speth, has warned that tens of thousands of jobs in the UK motor industry are at risk if the UK crashes out of the EU with no deal.

In July, the company said it needed more certainty around Brexit in order to continue investing in its UK operations, and said a “bad Brexit” would cost the company more than £1.2bn in profit each year.

[Old Greg]

...

Jaguar Landrover warns of catastrophic consequences in the event of no deal

Project Fear. Boris has said that No Deal is what people voted for, so it will all work out swimmingly.