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“Battling to implement sweeping job cuts and threatening to close up to four plants in Germany, Blume also faces pressure from investors to prove his turnaround strategy goes beyond downsizing to make strides in product development and software.”

“The urgency of their push comes as major European companies undergo huge job losses — Volkswagen plans to cut 100,000 workers — which experts have said could drive political upheaval.”

“JLR insisted that the move, which was first reported by the Financial Times, was not related to its planned 4,000 job cuts globally, as part of an effort to save £1.7bn.”