Just as things were beginning to look up for Jagaur and partner Land Rover, it has been forced to announce that 450 workers will be dropped from its global ranks. Hardest hit will be management, which will see its numbers drop by about 300 employees, with the remaining 150 coming from Jaguar’s hourly-rate staff. Sales have been down in 2008 due to the poor global economy and the general lack of available credit, and 2009 isn’t expected to go any better. Fewer cars sold means fewer workers are necessary to build them and a smaller cash reserve is available to pay from.
Jaguar, which is now owned by Tata Motors of India, still has four manufacturing sites in England and is hoping that the government in the U.K. will offer some form of assistance to the remaining automotive sector, but none has come so far.