Tata Motors' (TTM, $18.04) Jaguar Land Rover Is Cutting Down Work Days for 1,000 Workers

Tata Motors-owned Jaguar Land Rover has put 1,000 workers on a three-day work week at a UK plant. The carmaker said that reducing the number of work days from five to three would help avoid job cuts and allow operation through Christmas.

The move is apparently a result of decreasing demand for diesel vehicles. Consumers’ concerns over Brexit uncertainties and regulatory stringency following Volkswagen’s emission scandal might have dampened their appetite for diesel cars.

Jaguar Land Rover expressed in July its fears that if Brexit happened without the UK being able to maintain a smooth trading relationship with the European Union, the company would see its profits get reduced by more than £1.2 billion ($1.6 billion)  a year.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.