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🇸🇬 Singapore /Economy & Trade

Jaguar Land Rover to cut 4,000 jobs as Europe’s car industry skids

From CNA · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Official statement New plan
  • Jaguar Land Rover said it will eliminate about 4,000 roles over two years, roughly 10% of its global workforce, with management jobs and UK positions at particular risk.
  • The restructuring follows a cyberattack that halted British production for more than a month, US tariffs and intensifying competition from Chinese automakers.
  • JLR is targeting £1.7 billion in cost savings after reporting a £244 million annual loss, while it plans five new products and a renewed focus on North America.

Jaguar Land Rover plans to cut around 4,000 roles over the next two years, or about 10% of its global workforce, in another blow to Europe’s struggling automobile industry. The British luxury carmaker said it would introduce a voluntary redundancy scheme, with management positions identified as at risk and most cuts expected in the United Kingdom.

The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geopolitical uncertainty

· PB BalajiJLR’s chief executive described the conditions behind the restructuring.

The announcement came days after Volkswagen disclosed plans involving 50,000 further job cuts. JLR said the industry faces technological change, intense competition and continuing geopolitical uncertainty. The company is targeting £1.7 billion in cost savings as it seeks to simplify its organisation, improve efficiency and strengthen its resilience.

JLR has been dealing with the financial impact of a major cyberattack that stopped production in Britain for more than a month. The company estimates that the disruption cost £260 million. US tariffs added to the pressure, and JLR reported a £244 million loss for the financial year ending in March, compared with a net profit of £1.8 billion in 2024-25.

Over the next 12 months, we will launch five new products, continue to leverage the strength of our brands and renew our focus on North America, amongst other markets, to help us deliver double digit revenue growth

· PB BalajiBalaji outlined JLR’s planned products and markets as the company seeks growth.

Chief executive PB Balaji said JLR would launch five new products over the next 12 months and focus again on North America and other markets as it pursues double-digit revenue growth. The company last week opened orders for its new fully electric Range Rover. About 34,000 of JLR’s employees are based in the UK, and Business Minister Jonathan Reynolds is due to meet executives this week to discuss the job losses.

We recognise this will be difficult news for colleagues affected, and are committed to supporting everyone with care, fairness and respect

· PB BalajiBalaji addressed employees affected by the planned cuts.
About this summary

Originally published by CNA 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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