Jaguar Land Rover faces up to 4,000 job cuts after cyberattack, tariff hit
LONDON, Sept 7 — British luxury carmaker Jaguar Land Rover announced Monday a voluntary redundancy scheme followin...
Jaguar Land Rover, the British luxury carmaker owned by India's Tata Motors, announced a voluntary redundancy scheme following a cyberattack and US tariffs. Up to 4,000 roles, or 10% of its global workforce of over 40,000, could be removed, with 34,000 staff based in the UK. The company aims to save £1.7 billion over two years by adapting to global market conditions.
JLR informed colleagues and union partners about the voluntary redundancy programme, which will offer salaried and management team members the opportunity to leave the business. The restructuring follows a major cyberattack in 2023 that halted production and cost the company £196 million. Despite posting a loss of £244 million for its fiscal year, JLR is moving forward with the launch of its new fully electric Range Rover, as European carmakers face increased pressure from Chinese manufacturers in the shift towards electric vehicles.
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