Britain’s biggest carmaker cuts 4,500 jobs

Jaguar Land Rover (JLR) will reduce its global workforce by 4,500 as part of a plan to cut costs by £2.5 billion ($3.2 billion), it announced Thursday. That’s in addition to 1,500 people who left the company last year.

The company, owned by India’s Tata Motors (TTM), has been under pressure in major markets like China, where car sales in 2018 slumped for the first time in 20 years. JLR sales in China, its biggest market, fell around 42% in December and 22% in 2018, the company said Thursday.