1 hr ago
JLR to cut 4,000 jobs in £1.7 billion savings drive
Jaguar Land Rover is a luxury car company owned by Tata Group.
It plans to remove about 4,000 jobs worldwide over the next two years.
The company currently has around 43,000 employees.
JLR says the changes will make the business simpler and help it compete.
It does not expect the cuts to directly affect manufacturing jobs.
Where possible, the reductions will happen through voluntary measures.
JLR hopes to save about £1.7 billion and reach a break-even point at roughly 300,000 vehicles.
The company also plans to keep investing in new technology, manufacturing and customer services.
Jaguar Land Rover plans to reduce its global workforce by around 4,000 roles over the next two years.
The company currently employs about 43,000 people worldwide, and direct manufacturing jobs are not expected to be affected.
JLR is targeting approximately £1.7 billion in savings through its Growth Reimagined strategy.
The programme aims to lower JLR’s break-even point toward around 300,000 vehicles and reduce organisational complexity.
JLR plans to continue investing £15–18 billion over five years in electrification, digital technology, manufacturing and customer experience.
- Who
- Jaguar Land Rover, owned by Tata Group, and its approximately 43,000 global employees.
- What
- JLR will reduce its global workforce by around 4,000 roles over two years while targeting £1.7 billion in savings.
- Where
- Across JLR’s global workforce; the article does not specify the locations of the affected roles.
- When
- The announcement was made in a Monday exchange filing; the workforce reductions are planned over the next two years.
- Why
- To simplify operations, improve financial performance, lower the break-even point and strengthen competitiveness amid market, technological and geopolitical pressures.
Key facts
- Planned job reductions
- Around 4,000 global roles over two years
- Current workforce
- Approximately 43,000 employees worldwide
- Savings target
- Approximately £1.7 billion over two years
- Break-even target
- Around 300,000 vehicles
- Manufacturing jobs
- Direct manufacturing roles are not expected to be affected
- Future investment
- £15–18 billion over five years
- Investment areas
- Electrification, digital technologies, advanced manufacturing and enhanced customer experiences
Quotes
PB Balaji
Chief executive officer of Jaguar Land Rover
“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.”
financialexpress.com
“The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geo-political uncertainty.”
financialexpress.com
Sources
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