Jaguar sheds 600 jobs but stays in Britain
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Production of Jaguar cars in Coventry is to end after more than half a century but will remain in Britain for the time being, the company said yesterday.
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Workers, local people, councillors and MPs today expressed their disappointment that hundreds of jobs are to go at Jaguarâs Browns Lane in Coventry.
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Cable and Wireless, the struggling British telecoms group, said it would cut 600 jobs across Europe, part company with a top executive and shut its London headquarters.
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The union leaders said the Jaguar plant job cuts have come just as Browns Lane was praised for being one of Europe&#39;s top performing car plants -- for quality and production.
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Ford yesterday rejected claims that the end of Jaguar cars production at Browns Lane was the start of wider plans to make further cutbacks.
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The world's largest car builder General Motors is to cut 12,000 European jobs, trimming $500m (Â£280m) from annual costs, it is reported.
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The telecommunications firm Cable &amp; Wireless today said it would cut another 600 jobs and return Â£250m to investors as it reaches the halfway mark in a three-year recovery plan.
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Workers at Jaguar&#39;s Browns Lane plant have voted 55% to 45% against strike action over the company&#39;s plans to move car production from the Coventry factory to Castle Bromwich in Birmingham as part of a restructuring programme which will mean the loss of
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TUI, Europe's leading travel and tourism group, has said that it plans to cut 3,600 jobs, most of them in Britain.
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The collapse of carmaker MG Rover could cost Britain's private sector and former workers more than 600 million pounds (879 million euros, 1.1 billion dollars), an official report suggested.
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Ford admits its sale of Jaguar and Land Rover is being affected by the markets turmoil, but says the process is not slowing down.
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By Christopher Hope Business Correspondent (Filed: 28/08/2004). A question mark is hanging over the future of Jaguar&#39;s three British plants, which employ 7,500 staff, after its owner Ford said it was cutting
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US car giant Ford is expected to tell Jaguar workers on Friday that it will close the firm's historic Coventry factory
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Ford Motor Co. announced Friday that it would eliminate 1,150 jobs in England to streamline its Jaguar Cars Ltd. unit, where weak sales have failed to offset spending on new products and other parts of the business.
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Eastman Kodak, the world&#39;s largest photographic company, announced it was cutting 600 jobs in the UK and 270 in France yesterday, as it pressed on with its strategic refocus, brought on by the
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The Swiss agrochemicals group Syngenta has said that it planned to cut 480 jobs, with 360 of the losses in Britain.
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London - Cable and Wireless, the struggling British telecoms group, said Wednesday it would cut 600 jobs across Europe, part company with a top executive and shut its London headquarters.