A local newspaper hoarding announces job losses outside the engineering plant of Jaguar in Coventry.
A local newspaper hoarding announces job losses outside the engineering plant of Jaguar in Coventry, central England September 17, 2004. Hard-pressed luxury brand Jaguar said it will cut about 1,150 jobs at its main plant in Coventry in a bid to return to profits, in another blow to Britain's fading glory as a carmaking centre. Jaguar is also bowing out of Formula 1 racing at the end of the season, dropping an expensive and unrewarding hobby. REUTERS/Russell Boyce DYKY RUS/MD
