Jaguar Land Rover (JLR) is set to implement voluntary redundancy for up to 500 management positions in the UK following a 15.1% decline in sales over the three months ending in June. The downturn is attributed to a change in the tariff regime, which temporarily halted exports to the US. The company reported a 12.2% drop in wholesale sales in North America and a 25.5% decline in the UK. JLR has lowered its profit margin forecast for the year to between 5% and 7%, down from 10%.
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