Arabic version: جاكوار لاند روفر تخطط لإلغاء 4,000 وظيفة
According to Cnbc, Jaguar Land Rover plans to reduce its global workforce by around 4,000 roles over the next two years, or roughly 10% of its workforce. The Tata Motors-owned luxury carmaker is pursuing the cuts while facing competition from lower-cost Chinese rivals, a cyberattack and U.S. President Donald Trump’s tariffs.
JLR is targeting about £1.7 billion, or $2.3 billion, in savings during the two-year period and aims to reduce break-evens to 300,000 vehicles. Chief Executive PB Balaji said the company also intends to launch five new products over the next 12 months.
“The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geo-political uncertainty,” Balaji said in a statement. He said the workforce reduction would be difficult for affected colleagues and that the manufacturer was committed to supporting them with “care, fairness and respect.”
The restructuring adds pressure on Britain’s auto industry after recent cost-saving announcements by Aston Martin and Bentley. U.K. Business and Trade Minister Jonathan Reynolds, who ruled out a bailout over the weekend, is expected to meet JLR executives early this week to discuss the redundancy measures.
A government spokesperson said the changes would be uncertain and concerning for workers, families and communities. The spokesperson cited lower electricity bills for manufacturers, £4 billion in capital and research and development funding for zero-emission vehicle manufacturing, and a £2 billion Electric Car Grant. Separately, Volkswagen said late last week it planned a further 50,000 job cuts as tariff pressures and Chinese competition weigh on the industry.
