Jonathan Browning, chair of the Coventry and Warwickshire Local Enterprise Partnership (CWLEP), said: “This is clearly a difficult day for Jaguar Land Rover and its employees.
“Adverse market developments, heightened business uncertainty, relentless global competition and other external factors beyond their control, mean companies have to sometimes make painful decisions to safeguard their long-term futures.
“While details are yet to fully emerge, we hope that the nature of these cuts will have a limited effect on the supply chain across our area, but obviously will be damaging individually and will be felt locally.
“However, our economy is strong and Coventry and Warwickshire has seen the fastest productivity growth of all LEP areas in recent years.
“We have seen growth across many sectors particularly in legal and professional services, energy, engineering consultancy and civil engineering, logistics, tourism and IT services giving us a balanced economy.
“We have a quality labour force, some leading-edge companies as well as two highly-regarded universities, so we remain a very attractive place in which to do business both for local companies and also international investors.”