Jaguar Land Rover has announced it is cutting 450 staff.
Three hundred managers will be made redundant while 150 salaried agency staff will also lose their jobs.
The firm, which was bought by Tata from Ford for £1.7bn last year, said the action was to combat the credit crunch and a "severe reduction in demand".
Based in Gaydon, Warwickshire, it employs about 15,000 people in Castle Bromwich, Coventry and Solihull in the West Midlands and Halewood, Merseyside.
Prime Minister Gordon Brown's spokesman said the government was "disappointed".
Full Story BBC NEWS | England |
More bad news in the Auto Industry.