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By Nidharshana | Jun 16, 2020 07:53 AM

Leading automotive company Tata Motors Ltd is expecting a lose of 1,100 temporary jobs at the Jaguar Land Rover since the company is cost cutting. This measure is likely to be taken in order to the battle the disruptions caused by the spread of the novel coronavirus.

Leading Automobile Company Announces Layoffs! - Details

The company’s spokesperson said that they are beginning to review and will consider exiting those who do not add any strategic value as part of an effort to save Rupees 6,000 crore in the financial year, 2021. They are hence anticipating the job loss of 1,100 employees.

The company is set to save 5 billion pounds by 2021 at its Jaguar Land Rover. Its Indian Chief Financial Officer PB Balaji said that 3.5 billion pounds of savings is achieved at present.

"Conserving cash and prioritising capital expenditure, and targeting investment spending to the right areas is our focus," Balaji said.

அரசியல், விளையாட்டு, நாட்டுநடப்பு, குற்ற சம்பவங்கள், வர்த்தகம், தொழில்நுட்பம், சினிமா, வாழ்க்கை முறை என பலதரப்பட்ட சுவாரஸ்யமான செய்திகளை தமிழில் படிக்க இங்கு கிளிக் செய்யவும்      



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