Tata Motors share price falls over 4% amid Jaguar Land Rover job cut reports
Although Jaguar Land Rover is yet to confirm the exact number of jobs to be lost, reports indicate that around 1,000 temporary workers are likely to be hit. The luxury carmaker reportedly said that the "review" of its production schedules is being undertaken to ensure market demand is balanced globally and that it will lay out its 2018-19 production plans to the workforce on Monday.
Auto major Tata Motors share price declined over 4% today in the wake of reports that the company owned car-maker in UK, Jaguar Land Rover may cut nearly 1,000 jobs. Image source: company website