Jaguar Land Rover To Cut 4,500 Jobs

Jaguar Land Rover (JLR) will cut 10 percent of its workforce, mostly in its home market, as Britain's biggest carmaker faces lower Chinese demand and a slump in European diesel sales.

JLR, based in central England, will cut some 4,500 out of 42,500 jobs, targeting managerial roles rather than production-line workers as it battles to return to profitability.

Owned by India's Tata Motors, JLR also said it will build electric drive units at its Wolverhampton engine plant and create a new battery assembly center in Hams Hall, near Birmingham, as it develops a greener vehicle range.