Automotive industry: Jaguar Land Rover cuts 4,000 jobs
The British luxury car manufacturer is suffering from Chinese competition, US tariffs and weak demand. Now, costs are to be saved on personnel. The Group cannot count on state aid.
Jaguar Land Rover has announced a major cost-cutting package. The company will cut 4,000 jobs over the next two years and aims to save around 1.7 billion pounds. Jaguar Land Rover currently employs around 43,000 people worldwide, mostly in the UK. The company, owned by India's Tata Motors, faces challenges including rising costs, falling sales, and US tariffs. Chief P.B. Balaji cited significant challenges in the industry, including technological change and geopolitical uncertainty.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
