Jaguar Land Rover, Britain’s largest carmaker and a subsidiary of the Indian conglomerate Tata, has announced plans to reduce its 34,000-strong UK workforce by approximately 4,000 jobs over the next two years.
The luxury vehicle manufacturer is grappling with tough market conditions, including increasing competition from China and the transition to electric vehicles. The company is also dealing with the fallout from a crippling cyberattack and the impact of US tariffs.
These workforce reductions are part of an effort to achieve significant savings. The carmaker is targeting savings of £1.7 billion, or $2.3 billion, while also targeting $2.9 billion in savings.