º£½ÇÊÓƵ car maker JLR is axing up to 500 management jobs across its º£½ÇÊÓƵ operations amid pressure on sales due to trade tariff woes.
The manufacturer said around 1.5 per cent of its º£½ÇÊÓƵ workforce would be affected by the job cuts which are going as part of a voluntary redundancy programme for managers in the º£½ÇÊÓƵ.
It has not yet stated at which of its operations the jobs would be lost from.
JLR is headquartered in Coventry and has manufacturing plants in Birmingham, Solihull, Coventry, Wolverhampton and Halewood, in Merseyside.
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A statement said: "As part of normal business practice, we regularly offer eligible employees the opportunity to leave JLR through limited voluntary redundancy programmes."
It comes after JLR revealed that retail sales had plunged 15.1 per cent in the three months to June after a temporary pause in exports to the US and the planned wind-down of older Jaguar models.
The company said the significant fall in sales was partly driven by the pause in shipments to the US in April after US President Donald Trump's administration introduced new tariff plans.
In April, the US government said it would launch an additional 25 per cent tariff on car imports into the US in an effort to encourage more car production within the country.
However, the US and º£½ÇÊÓƵ have since agreed a deal which would see a lower ten per cent tariff applied to the first 100,000 º£½ÇÊÓƵ-manufactured cars imported into the US each year.
º£½ÇÊÓƵ cars imported to the US beyond this threshold will however face a 27.5 per cent tariff.
JLR halted new shipments to the US in April but restarted exports in early May amid hopes that a trade deal for the sector would be struck.
The firm saw wholesale sales in North America drop by 12.2 per cent year-on-year after the pause.
But wholesale sales in the º£½ÇÊÓƵ were also heavily down - tumbling 25.5 per cent in the second quarter - after the planned wind-down of older Jaguar models.
Jaguar stopped selling new cars in the º£½ÇÊÓƵ late last year as it shifts its production to new electric models which are set to go on sale in 2026.
