Jaguar Land Rover To Cut Jobs

Jaguar Land Rover plans to shed 4,000 jobs over two years to reduce costs.

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Britain's Jaguar Land Rover lays off 4,000 workers, aims to cut costs - UPI.com

UK Auto Manufacturer Jaguar Land Rover Shedding 4,000 Jobs

Jaguar Land Rover to cut 4,000 jobs over next two years

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Jaguar Land Rover will cut about 4,000 jobs, roughly 10% of its global workforce, over the next two years as part of a £1.7 billion ($2.3 billion) cost-saving plan. The Tata Motors-owned carmaker said the reductions will mainly affect salaried and management roles, including its UK-based head office, and it has opened a voluntary redundancy program. JLR is trying to lower its break-even point while facing cheaper Chinese electric-vehicle rivals and U.S. tariffs. Its finances and operations were further strained by a cyberattack last year that disrupted production.

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