Jaguar Land Rover to cut 4,000 jobs
- On Monday, Jaguar Land Rover launched a voluntary redundancy programme, while Business Secretary Jonathan Reynolds ruled out government financial support for the restructuring.
- JLR targets approximately £1.7 billion in savings over two years to counter rising operational costs and intense competition from Chinese manufacturers BYD and Chery gaining market share with lower-priced electric vehicles.
- The company expects to cut approximately 4,000 positions, equivalent to roughly 10% of its global workforce, while seeking to reduce its break-even point to 300,000 vehicles following recent financial losses.
- Unite general secretary Sharon Graham criticized "years of under-investment" and "unsustainable ZEV mandates" as crippling the industry, while Reynolds stated he does not "intervene and run businesses."
- Alongside the restructuring, JLR is expanding its presence in the US and pushing into the premium electric vehicle market, with its first electric Range Rover launched earlier this month at £154,070.
124 Articles
124 Articles
Jaguar Land Rover Confirms It Will Slash 4,000 Jobs
Jaguar Land Rover has announced it will cut 4,000 jobs over two years in the face of “significant challenges” within the automobile industry. Most of those jobs will be in the UK… Chief executive PB Balaji said in a statement today: “The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing…
Bradford workers could be hit as Jaguar Land Rover cut 4,000 jobs in next two years
Bradford workers could be among those concerned after Jaguar Land Rover revealed plans to cut 4,000 jobs, with most reductions expected to come from non-production roles in its UK operations.
JLR Confirms Reducing Global Workforce by Around 4,000 Roles over Next Two Years
Get latest articles and stories on Business at LatestLY. Jaguar Land Rover (JLR), a wholly owned subsidiary of Tata Motors Passenger Vehicles Limited, on Monday announced that it will reduce its global workforce by around 4,000 roles over the next two years as part of a strategic transformation programme aimed at simplifying the organisation and improving operational performance. Business News | JLR Confirms Reducing Global Workforce by Around 4…
Jaguar Land Rover launched a voluntary departure program, in the context of a comprehensive cost reduction plan. According to the British press, about 4,000 jobs could disappear in the next two years.
Four thousand fewer jobs to try to save 2 billion euros in the next two years. It is the plan announced by Jaguar Land Rover, the British automotive group controlled by the Indians of Tata Motors, which aims to cut staff through voluntary early retirements. The luxury car brand explained [...] The article Jaguar Land Rover cuts 4,000 jobs in two years: away to the plan of early retirements comes from Il Fatto Quotidiano.
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