Jaguar Land Rover To Cut Jobs

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.