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JAGUAR CARS INC. ANNOUNCES RESTRUCTURING MOVES

 JAGUAR CARS INC. ANNOUNCES RESTRUCTURING MOVES
 MAHWAH, N.J., Nov. 10 /PRNewswire/ -- Jaguar Cars Inc. has announced


further changes to its organization aimed at increasing efficiency in the continuing depressed automobile market.
 Sales in the prestige sector of the U.S. automobile market are not improving, reflecting lower consumer confidence, concern with the national economy and the luxury tax.
 In light of the continuing trend, Jaguar has announced plans to reduce its staff by ten percent immediately. The move follows a twelve month review of the company structure following an extensive reorganization in mid-1991.
 The company says the positions which will be eliminated are from all levels of the work force. Jaguar plans to consolidate some functions and positions, while at the same time continuing to improve levels of service to its customer.
 -0- 11/10/92
 /CONTACT: John Crawford of Jaguar, 201-818-8149/ CO: Jaguar Cars Inc. ST: New Jersey IN: AUT SU: RCN


KD -- NY105 -- 9513 11/10/92 18:00 EST
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Publication:PR Newswire
Date:Nov 10, 1992
Words:163
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