Jaguar Land Rover to Cut 4,000 Jobs
Translated from English and summarized by DistantNews. Read the original for the full story.
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- Jaguar Land Rover plans to cut 4,000 jobs over the next two years, mostly at its UK headquarters, as it faces Chinese competition, US tariffs and the shift to electric vehicles.
- The company aims to save £1.7 billion and will first seek voluntary redundancies, while warning that compulsory cuts may follow.
- JLR said a cyberattack last year worsened its problems by halting production for more than a month.
Jaguar Land Rover is cutting 4,000 jobs as the carmaker confronts competition from China, US tariffs and the costly transition to electric vehicles.
The reductions will take place over the next two years and will mostly affect staff at the company’s UK head office. JLR employs 43,000 people worldwide and is seeking to save £1.7 billion during the period.
The company has opened a voluntary redundancy window until Oct. 4. It said it could impose compulsory redundancies on less generous terms if too few employees volunteer.
Chief executive PB Balaji said JLR was “committed to supporting everyone with care, fairness and respect” throughout the redundancy process.
The carmaker’s long-term difficulties deepened after a cyberattack last year forced it to shut down production for more than a month. JLR has also been losing sales to Chinese rivals, after initially viewing China mainly as a growth market rather than a source of competition.
Committed to supporting everyone with care, fairness and respect
About this summary
Originally published by BBC News in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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