3 hrs ago
Jaguar Land Rover confirms 4,000 job cuts globally
Jaguar Land Rover says it plans to reduce its workforce.
Around 4,000 jobs could be affected around the world.
The changes are expected to happen over two years.
The company says it will use voluntary departures whenever possible.
It wants to save £1.7 billion.
These savings are intended to help the company cover its costs with fewer vehicle sales.
Jaguar Land Rover is aiming for a break-even level of about 300,000 vehicles.
The report does not say which locations or specific jobs will be affected.
Jaguar Land Rover confirmed plans to eliminate around 4,000 roles globally.
The job cuts are expected to occur over the next two years.
The company said it will pursue voluntary reductions wherever possible.
Jaguar Land Rover is targeting £1.7 billion in savings.
The savings plan aims to lower the company’s break-even level toward 300,000 vehicles.
- Who
- Jaguar Land Rover, a luxury carmaker.
- What
- The company confirmed plans to cut around 4,000 roles globally.
- Where
- Globally; specific locations were not stated.
- When
- Over the next two years.
- Why
- To achieve £1.7 billion in savings and lower the break-even level toward 300,000 units.
Key facts
- Company
- Jaguar Land Rover
- Planned reductions
- Around 4,000 roles
- Geographic scope
- Global
- Time frame
- Two years
- Preferred approach
- Voluntary reductions wherever possible
- Savings target
- £1.7 billion
- Break-even goal
- Toward 300,000 units
Sources
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