Credit-crunch cost cutting at Jaguar Land Rover will see 300 managers among the 450 who are to lose their jobs amid plunging demand for new luxury cars.
The company has 15,000 workers variously employed at its factories, wood-veneer plant and two research and development centres in Gaydon, Coventry, Solihull, Castle Bromwich and Halewood on Merseyside
Chief executive David Smith said that the redundancies "across all grades and functions in the company" are unavoidable as the looming recession impacts on the business.
He said that while no company wants to lose skilled and experienced employees "we have to improve our efficiency and costs and our ability to respond to the marketplace. It is critical that Jaguar Land Rover becomes a more efficient and dynamic organisation".
The company has said that managers will not receive bonuses this year, while pay rises have been deferred to October as is begins consultations with employee representatives on the proposed redundancy programme.
Copyright © Press Association 2009