Jaguar Land Rover cuts 450 staff http://news.bbc.co.uk/1/hi/england/7828201.stm
"Jaguar Land Rover has announced it is cutting 450 staff.
Three hundred managers will be made redundant while 150 salaried agency staff will also lose their jobs.
The firm, which was bought by Tata from Ford for £1.7bn last year, said the action was to combat the credit crunch and a "severe reduction in demand".
Based in Gaydon, Warwickshire, it employs about 15,000 people in Castle Bromwich, Coventry and Solihull in the West Midlands and Halewood, Merseyside..................
Jaguar Land Rover chief executive David Smith said he did not expect sales to return to normal levels "for some time".
He said the firm needed to become more efficient so it could invest in new models and technology when the market improved.
He added: "It is only right and proper that our response to the unavoidable impact of the credit crunch and a severe reduction in demand includes actions across all grades and functions in the company.
"It is critical that Jaguar Land Rover becomes a more efficient and dynamic organisation to face up to the challenges that we will meet in the years ahead."........................
Last November, the firm axed 850 agency IT and engineering staff and said it was in talks with the government over a possible bail out.
Tata has also said it will inject tens of millions of pounds into the company.
The annual Christmas break was extended last year due to the fall in demand.
Land Rover sales were down by 30% throughout 2008 although Jaguar's sales rose by almost 9% over the same period, which the company put down to its new XF model launched last year..................."