London EV Company (LEVC) is set to cut around 180 manufacturing jobs at its Ansty site because of declining sales and difficult automotive conditions. The company needs to restructure to ensure the future viability of the London black cab. Key factors affecting demand include rising costs, a decrease in the number of drivers, and regulatory changes in local taxi licensing policies. In recent years, LEVC has experienced multiple job cuts and reported a pre-tax loss of 104 million for 2024. The decision will not affect customer service or sales support, according to the firm.
London EV Company (LEVC) has announced it will cut approximately 180 manufacturing jobs at its Ansty site due to a significant decline in sales and increasingly challenging automotive conditions. Demand for electric hackney carriages has been affected by rising costs and ongoing reductions in the number of drivers, prompting the need for restructuring to ensure the future of the London black cab.
The firm has been adjusting to a combination of factors that impact sales, including changes in local taxi licensing policies which have involved relaxing emissions standards and vehicle age limits. These combined pressures have resulted in a pre-tax loss of 104 million for the year 2024.
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