Employment | 5,000 Jaguar Land Rover job losses following Brexit & Chinese economic downturn

Today, Jaguar Land Rover (JLR) will announce that it will cut up to 5,000 jobs - 12.5% of its UK workforce – BBC reports.

Management, marketing and admin roles are reported to be the areas that will bear the most losses.

With the layoffs part of a £2.5billion cost-cutting plan. Whilst the BBC reports that the cuts could be because of slumping diesel sales and economic struggles in China -  the Daily Mail reports the sales in China have '"fallen off a cliff" -  the move reinforces concerns that many firms with UK bases could move their operations abroad to mitigate the financial effects of Brexit.

Since 2014, Jaguar has hired 4,000 workers in China whilst a recent announcement revealed that production of the well-known Land Rover Discovery would move to Slovakia, providing 3,000 jobs for the country.