Automotive: Jaguar Land Rover must cut costs – 4,000 jobs to be lost
Europe's automotive industry is fighting against decline. Reforms are intended to get the companies back on track. Now the British car manufacturer is also announcing drastic cuts.
Jaguar Land Rover has announced a major savings package that includes significant job cuts, with around 4,000 positions to be eliminated over the next two years. The company aims to save approximately 1.7 billion pounds, or nearly 2 billion euros, through these measures. As the largest vehicle manufacturer in the UK, Jaguar Land Rover, a subsidiary of India's Tata Motors, employs around 43,000 people worldwide, mostly in the UK.
The job cuts are due to rising costs, declining sales, and increased competition, particularly from China.
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.
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- Crisis at car manufacturer: Jaguar Land Rover must cut costs: 4,000 jobs to be lost handelsblatt.com
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