Jaguar Land Rover refused to offer British workers jobs at its new plant in Slovakia on Friday, as it emerged that Theresa May’s Brexit deal would leave Britain powerless to prevent EU countries offering cash sweeteners to companies to move production out of the UK.
On Thursday, JLR announced the loss of 4,500 British jobs. Last year the EU cleared Slovakian state aid worth £110 million to convince the car-maker to set up a new plant in Nitra, creating 2,350 jobs in Eastern Europe.
Bosses at the company are targeting £2.5bn of cost cuts after JLR slumped to a £354m half-year loss in the face of falling sales as the company faces a barrage of problems ranging from plunging sales of diesel cars,…
To continue reading this article
- Unlimited access to Premium articles
- Subscriber-only events and experiences
- Cancel any time