Jaguar Land Rover to cut 4,000 jobs as European car sector hits skids
<p>London: Jaguar Land Rover said Monday that it would cut "around 4,000 roles over the next two years", or about ten percent of its global workforce, in a further blow to Europe's automobile industry.</p> <p>The company revealed its voluntary redundancy scheme just days after the German car giant Volkswagen announced 50,000 new job cuts.</p> <p>It follows months of turmoil caused by a…
Jaguar Land Rover (JLR) announced plans to reduce its global workforce by around 4,000 jobs over the next two years, equivalent to about ten percent of its total employees. This move comes amid a challenging period for the European automobile industry, exacerbated by a cyberattack, tariffs, and increased competition from Chinese manufacturers and electric vehicle production.
JLR CEO PB Balaji stated that the restructuring aims to achieve cost savings of £1.7 billion ($2.3 billion). The company will focus on launching new products, expanding in North America, and targeting cost reductions. Approximately 34,000 employees are based in the UK, with the majority of cuts expected there. UK Business Minister Jonathan Reynolds plans to meet with JLR executives to discuss the job losses.
The restructuring follows a major cyberattack last year that halted production in the UK and caused significant financial losses. JLR, owned by Tata Motors, had to shut down production for over a month, incurring a £260 million loss. The company also faced US tariffs and reported a loss of £244 million for its fiscal year ending in March 2025, compared to a net profit of £1.8 billion in the previous year.
JLR has since reopened orders for its new fully electric Range Rover and aims to simplify its organization, improve efficiency, and build resilience.
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