Jaguar-Land Rover lay-off

Warwickshire-based Jaguar-Land Rover has announced today that it will be cutting 450 jobs. The losses will include 300 employers from managerial positions and 150 from agency staff.

The cuts are a fueled by the current recession and a "severe reduction" in demand for new cars across the country.

Speaking to reporters, JLR CEO David Smith declared: “We don’t expect sales conditions to return to normal levels for some time." He continued:"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.”

It has also been recently made public that Indian owners Tata Motors are looking for financial support from the British government to help with the losses the company has made since the takeover last year.