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European equity futures were down about 0.2% in premarket trading as investors weighed rising oil prices and inflation/interest-rate concerns. Traders also looked ahead to the ECB meeting expected to deliver a 25-basis-point hike.
Media reports say Jaguar Land Rover plans to remove approximately 4,000 jobs over the next two years. The company previously outlined “Enterprise Missions” tied to 1.7 billion pounds of savings.
Jaguar Land Rover plans to cut around 4,000 jobs, about 9% of its workforce, citing intensifying Chinese competition and U.S. tariffs as headwinds.